FHLBank Chicago Announces $300 Million Low-Income Housing Tax Credit Collateral Pilot Program
August 21, 2024
August 21, 2024
CHICAGO, Illinois, Aug. 21 -- The Federal Home Loan Bank of Chicago, a district bank in the Federal Home Loan Bank System, issued the following news:
The Federal Home Loan Bank of Chicago (FHLBank Chicago) is announcing the Low-Income Housing Tax Credit (LIHTC) Collateral Pilot Program, which provides members with increased lendable value on their pledged collateral for up to $300 million of qualifying mortgage loans on LIHTC multi-family housing projects. Through member banks, cred . . .
The Federal Home Loan Bank of Chicago (FHLBank Chicago) is announcing the Low-Income Housing Tax Credit (LIHTC) Collateral Pilot Program, which provides members with increased lendable value on their pledged collateral for up to $300 million of qualifying mortgage loans on LIHTC multi-family housing projects. Through member banks, cred . . .