Federal Home Loan Bank of Chicago Announces Community First® Award Winners in Wisconsin
CHICAGO, April 1, 2015 /PRNewswire/ -- The Federal Home Loan Bank of Chicago (Bank) is pleased to announce the Wisconsin recipients of its 2015 Community First® Awards. The awards recognize outstanding achievements of the Bank's member institutions and their local partners as they work together to strengthen their communities through affordable housing and economic development initiatives. Award categories include partnership, project or program, pioneer, and emerging leader. Award winners identify a nonprofit organization to receive up to $10,000. At its member meeting on March 31, in Madison, Wisconsin, the Bank honored two award winners.
Emerging Leader Award
The emerging leader award was presented to Rosemary Crump and Phillip Haddix of Franklin, Wisconsin. Creating community-integrated housing for people with disabilities requires ingenuity and an understanding of complex challenges; Ms. Crump and Mr. Haddix identified a vision of home for their sons and assembled partnerships to make that vision a reality through the investment of private and public resources. Bank Mutual (www.bankmutual.com) and AnchorBank (www.anchorbank.com) acknowledged the compassion and tireless efforts of Ms. Crump and Mr. Haddix to influence policy and practice, and look forward to the pair's continued advocacy to provide housing solutions for those most in need. Ms. Crump and Mr. Haddix identified Movin' Out, Inc. of Madison, Wisconsin, as the nonprofit beneficiary of the $10,000 award. Movin' Out provides access to housing for people with disabilities and their families throughout Wisconsin.
Partnership Award
Layton Boulevard West Neighbors, Inc. (LBWN) and Impact Seven received the partnership award in recognition of their collaboration on the LBWN Rent-to-Own Homes development in Milwaukee, Wisconsin; each organization received $5,000 for its efforts. The community partnership of LBWN and Impact Seven helped transform 24 vacant foreclosured properties into move-in ready, fully renovated, and affordable residential and commercial spaces. Completed in 2014, the $6.2 million development has a 100% occupancy rate. Town Bank (www.townbank.us) accessed the Federal Home Loan Bank of Chicago's competitive Affordable Housing Program to provide critical gap financing to the project.
"Yesterday, we recognized two parents who became advocates for creating housing opportunities for those with special needs. We also celebrated the success of a partnership formed to revitalize an urban corridor through housing and economic development. The lasting impact of these efforts is invaluable and we applaud our members for supporting them," said Suzi Thackston, Community Investment Officer, Federal Home Loan Bank of Chicago.
In March, the Bank announced the Illinois Community First Award winners at its member meeting in Oak Brook, Illinois. The Bank also supports the community investment activities of its members by offering forgivable grants for eligible projects through its competitive Affordable Housing Program; down payment closing cost assistance through its Downpayment Plus® Program; favorably priced loans and credit products through its Community Investment Cash Advances; and lower-interest-rate, longer-term financing for community development organizations through its Community First Fund.
About the Federal Home Loan Bank of Chicago
The Federal Home Loan Bank of Chicago is a $71.8 billion wholesale bank serving the needs of member housing finance institutions located in Illinois and Wisconsin. Our mission is to partner with our member shareholders to provide them competitively priced funding, a reasonable return on their investment, and support for community investment activities.
The U.S. Congress created the Federal Home Loan Bank System, which includes 12 Federal Home Loan Banks, in 1932 to promote housing finance, but each Bank is wholly owned by its member institutions. For more information about the Federal Home Loan Bank of Chicago, please visit www.fhlbc.com or @FHLBC on Twitter. "Community First" and "Downpayment Plus" are registered trademarks of the Federal Home Loan Bank of Chicago.
Photo - http://photos.prnewswire.com/prnh/20150401/196013
SOURCE Federal Home Loan Bank of Chicago
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