One Year Later: FHLBank Chicago’s $2 Million AHP Grant Helps Deliver 40 New Homes in Rural Wisconsin

HAYWARD, Wis.--(BUSINESS WIRE)--One year after breaking ground, Trailview Cottages, a 40-unit workforce and affordable housing community in Hayward, Wisconsin, is fully occupied and providing residents with access to on-site workforce training. The development received a $2 million Affordable Housing Program (AHP) grant from the Federal Home Loan Bank of Chicago (FHLBank Chicago), awarded in partnership with FHLBank Chicago member IFF.

Impact Seven led development of Trailview Cottages, with additional financing from Cinnaire. Residents began moving in as construction progressed, helping address local housing needs sooner. Today, all 40 units are leased, with another 208 households on the waiting list, underscoring the continued need for affordable housing in northwest Wisconsin.

“Our members understand the housing needs in the communities they serve, and AHP provides funding to help address those needs,” said Katie Naftzger, senior vice president and community investment officer at FHLBank Chicago. “Trailview Cottages shows what’s possible when our members and local partners work together to expand access to affordable housing and connect residents with workforce training close to home.”...