FHLBank Chicago Makes $3 Million Available for Community First® Developer Program to Support Emerging Talent in Affordable Housing

The Federal Home Loan Bank of Chicago (FHLBank Chicago) today opened its applications for the 2025 Community First® Developer Program (Developer Program). Now in its fourth year, the program provides grants to organizations supporting career development opportunities in the affordable housing development industry across Illinois and Wisconsin. 

Sean O’Brien, Principal at Northpointe Development II Corp., and Cedric D. Thurman, EVP and Group Head of Community Investment at FHLBank Chicago, celebrate a $250,000 Developer Program grant awarded to Northpointe to support emerging talent in affordable housing development.

In 2025, FHLBank Chicago will award up to $3 million through its financial institution members, with individual grant amounts ranging from $50,000 to $250,000. Applications are open now through Friday, August 8, 2025, at 5:00 p.m. CT....

   ...more

Notes: