CHICAGO--(BUSINESS WIRE)--The Federal Home Loan Bank of Chicago (FHLBank Chicago) today released its 2024 Impact Report, highlighting a year of continued strength and service to member financial institutions and communities across Illinois and Wisconsin. As interest rates remained elevated and economic uncertainty persisted, FHLBank Chicago remained focused on delivering the funding and programs their members needed to navigate uncertainty and drive local impact. Through human interest stories, the report illustrates how FHLBank Chicago is Investing in Opportunities - providing liquidity and reliable funding, supporting housing and community development, and cultivating a high-performing and engaged workforce.In 2024, FHLBank Chicago provided $107 million in housing and economic development grants and delivered $1.9 billion in discounted Community Advances—supporting the creation or preservation of more than 7,300 housing units and 7,800 jobs. FHLBank Chicago welcomed eight new member institutions to its cooperative, continuing to expand its reach and impact across the district.
“In a year where interest rates remained elevated and the state of the economy was top of mind, FHLBank Chicago remained constant in its unwavering support for our financial institution members, their customers, and communities,” said Michael Ericson, President and CEO of FHLBank Chicago. “We reached new heights in supporting our members and the communities they serve in 2024. This report demonstrates that dedication through every form of support.” ...
FHLBank Chicago Releases 2024 Impact Report
Leo’s notes: At a time when many communities face housing shortages and economic uncertainty, FHLBank Chicago’s investments are delivering real impact—helping create thousands of homes, supporting local jobs, and strengthening community development across Wisconsin and Illinois. Continued leadership like this is essential to building resilient, thriving communities.
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- - Volume: 25 - WEEK: 26 Date: 6/23/2025 1:51:38 PM -