The Federal Home Loan Bank of Chicago (FHLBank Chicago) recently announced the opening of its Community Advance product for 2026, reaffirming its commitment to affordable housing and local development. Backed by $55 million in annual interest rate subsidy, the program helps member institutions fund housing, support small businesses, and expand access to capital in communities that need it most. Interest rate discounts of up to 200 basis points (bps), a $200,000 per-member interest rate subsidy cap (applied jointly for affiliated members under the same holding company owning two or more…
Read MoreFHLBank Chicago Expands Community Advance for 2026 to Accelerate Affordable Housing and Economic Development
