FHLBank Chicago Expands Down Payment Assistance Network During National Homeownership Month
During National Homeownership Month, Federal Home Loan Bank of Chicago (FHLBank Chicago) is highlighting expanded access to down payment assistance as more member institutions join its Downpayment Plus® (DPP®) Program, helping households overcome upfront costs and achieve homeownership.
This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20260611673065/en/ American National Bank – Fox Cities, Town and Country Bank Midwest, Alliant Credit Union, and Midland Federal Savings and Loan Association began participating in FHLBank Chicago's Downpayment Plus® (DPP®) Program in 2026, helping more households achieve homeownership through down payment and closing cost assistance.
Four additional FHLBank Chicago member institutions began using the program in 2026, expanding the network of lenders connecting homebuyers with financial support. As of the date of this release, the new participants have already supported 10 households with $100,000 in assistance this year, with additional activity expected as demand continues across Illinois and Wisconsin.
Through the DPP Program, FHLBank Chicago provides forgivable grants of up to $10,000 to income-eligible homebuyers to help cover down payment and closing costs. In 2026, FHLBank Chicago made $31 million available through its DPP programs to support homebuyers across its district.
