CHICAGO–(BUSINESS WIRE)–May 6, 2024–
Applications for the Federal Home Loan Bank of Chicago’s (FHLBank Chicago) 2024 Affordable Housing Program (AHP) General Fund are now open. This year, the AHP General Fund’s available subsidy per-project has doubled from $1 million to $2 million, reflecting FHLBank Chicago’s commitment to invest in the development and rehabilitation of affordable housing across Illinois and Wisconsin.
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Mark Angelini and Brian Campbell, of Mercy Housing Lakefront, discuss the newly renovated Carlton Apartments in Chicago’s Uptown neighborhood, which provide 68 apartments of permanent supportive housing for adults, including many who have experienced chronic homelessness and people with disabilities. The historic building completed renovation in 2022 with support from a grant through FHLBank Chicago’s Affordable Housing Program (AHP). (Photo: Business Wire)