10/15/2024 | Press release | Distributed by Public on 10/15/2024 09:46
Our Community First® Diverse Developer Initiative fosters career growth for diverse real estate developers of affordable housing, who bring unique perspectives and a deep understanding of their communities' specific needs. We're proud to support leaders like Pete King, President and CEO of King Solutions and General Manager of Oneida ESC Group Subsidiary, in advancing affordable housing development within tribal communities in our District.
"FHLBank Chicago's programs have been pivotal in supporting tribal nations like Oneida. The Diverse Developer Initiative afforded me the opportunity to travel to remote tribal nations and communities to gain valuable training and mentorship," said Pete.
Check out this video to hear more about Pete's story.
FHLBank Chicago announced the 2024 recipients of its Community First® Diverse Developer Initiative. 14 organizations, in partnership with 11 FHLBank Chicago members, were awarded over $3 million in grant funding. These funds will support an estimated 62 internships and fellowships for emerging developers and empower organizations with the long range mission to expand the pipeline of diverse developers in Illinois and Wisconsin. Read more about the 2024 award recipients.
Community First® Accelerate Grants for Small Business ("Accelerate Grants") support the growth and development of small businesses in Illinois and Wisconsin, creating economic opportunity in our members' communities. The 2024 Accelerate Grants funding round opened on June 3 and closed September 30. Award announcements were made on a rolling basis. Read about some of the recent impact stories across Illinois and Wisconsin.
FHLBank Chicago is collecting personal impact stories to showcase how our programs have impacted people and neighborhoods in Illinois and Wisconsin. If you have been a part of an AHP awarded project, Downpayment Plus® Programs, Community Advances, or Community First® programs, we would love to hear about how these programs have made an impact on individuals and communities you serve. Please visit our website to share your story.
This past quarter, FHLBank Chicago announced initiatives to promote more equitable housing lending and sustainable homeownership: