FHLBank Chicago Opens 2026 Affordable Housing Program with $51 Million Available

Applications Due June 12 with Up to $2 Million Available Per Project

CHICAGO--(BUSINESS WIRE)--The Federal Home Loan Bank of Chicago (FHLBank Chicago) has opened the application period for its 2026 Affordable Housing Program (AHP) General Fund. With $51 million available and up to $2 million per project, the program supports the development and preservation of affordable housing across Illinois and Wisconsin.

AHP grants help fund the acquisition, new construction, or rehabilitation of rental and owner-occupied housing. Through the program, FHLBank Chicago financial institution members partner with developers and community organizations to help move projects forward and expand access to quality housing.

“The need for affordable housing continues to outpace supply in many communities,” said Katie Naftzger, SVP and Community Investment Officer, FHLBank Chicago. “Through AHP, we’re able to partner with our members to move critical projects forward, supporting housing that might not otherwise be built and helping expand access for individuals and families.”...


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