2021 Downpayment Plus Programs

2023 Downpayment Plus Programs?

C O M M U N I T Y I N V E S T M E N T & D I V E R S I T Y, E Q U I T Y & I N C L U S I O N

Presenters

Liz Smith Manager, Community Investment Programs esmith@ 312.552.1239

Karen Liu-Yates Community Investment Programs Specialist kyates@ 312.565.5308

Jeremy Smith DPP Operations Specialist jsmith@ 312.552.2606

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Resources & Questions

Consult the DPP Program Guide for program information

Given the large number of participants today, please: Use the GoToWebinar questions feature to ask a question Send any follow-up questions to dpp@

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Funding for FHLBank Chicago DPP Programs

In 2022: DPP? $17M reserved

(35% plus additional funding)

2,500+ grant reservations AHP $20.6M allocation 35 awarded projects

10%

of prior year's net

earnings

65% funds AHP

35% funds DPP

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Downpayment Plus Programs

Forgivable grants of up to $10,000 per homebuyer with income at or below 80% AMI Two Programs available:

Downpayment Plus? (DPP?)

FHLBank Chicago member institution originates and/or funds the first mortgage

Downpayment Plus Advantage? (DPP Advantage?)

Non-profit organization funds the first mortgage; FHLBank Chicago member submits grant reservation

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