Federal Home Loan Bank of Chicago: Increased Funding Available for Downpayment Plus Grant Program Puts Home Ownership in Reach for More Illinois and Wisconsin Home Buyers
March 27, 2024
March 27, 2024
CHICAGO, Illinois, March 27 -- The Federal Home Loan Bank of Chicago, a district bank in the Federal Home Loan Bank System, issued the following news:
To further support housing affordability, the Federal Home Loan Bank of Chicago (FHLBank Chicago) is increasing the maximum per member limit available for its Downpayment Plus(R) (DPP(R)) grant program to $1 million per member. The increment represents a nearly 43% increase over the 2023 limit of $700,000. More than 200 member banks, . . .
To further support housing affordability, the Federal Home Loan Bank of Chicago (FHLBank Chicago) is increasing the maximum per member limit available for its Downpayment Plus(R) (DPP(R)) grant program to $1 million per member. The increment represents a nearly 43% increase over the 2023 limit of $700,000. More than 200 member banks, . . .