The Federal Home Loan Bank of Chicago offers several Community Investment programs to facilitate the building and financing of affordable owner-occupied and rental housing.

Affordable Housing Program (AHP) The AHP provides grants and subsidized loans to member financial institutions working with affordable housing providers to finance rental and ownership housing for low and moderate income households. Application Process » Funding » Modifications » Monitoring » Repayment of Subsidy »

CICA/Community Investment Program (CIP) CIP provides discounted advances and standby letters of credit to member financial institutions to finance affordable housing and to help develop and revitalize communities.

Downpayment Plus® Program (DPP®) DPP® provides grants to very low, low and moderate income homebuyers to assist them with downpayment and closing costs. Participating Members: IL » Participating Members: WI » DPP® Frequently Asked Questions » Repayment of Subsidy »

Section 184 Mortgage Program The FHLB Chicago purchases mortgages originated by its member financial institutions under the HUD Section 184 Loan Guarantee Program.