The Federal Home Loan Bank of Chicago (FHLBank Chicago) is now accepting applications for the fourth annual iteration of its Community First Developer Program.
The program provides grants to organizations supporting career development opportunities in the affordable housing development industry across Illinois and Wisconsin. Eligible beneficiary organizations include nonprofit and for-profit development firms looking to add talent, as well as organizations with programs or initiatives that advance career opportunities in the industry.
This year, the 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 will be accepted through Aug. 8 at 5:00 p.m. CDT.
“The Developer Program is designed to strengthen the pipeline of talent shaping affordable housing in our district,” said Katie Naftzger, senior vice president and community investment officer at the, FHLBank Chicago. “By partnering with our member institutions, we can help affordable housing development organizations throughout Illinois and Wisconsin bring new and emerging professionals into this vital field.”
