Advancing Minority Developers in Affordable Housing with FHLBC

First Eagle Bank is excited to have been able to partner up with Federal Home Loan Bank of Chicago (FHLBC) along with three local non-profit partners, Lawndale Christian Development Corporation (LCDC), The Resurrection Project, and Community Investment Corporation (CIC) to sponsor Diverse Developer Initiative grants. These three non-profit organizations operate primarily in underserved and majority minority communities. We were able to assist these organizations with procuring over $645,000 in total grant fundings. These funds will be used to hire new minority employees and expand their capabilities in the affordable housing development arena.