JFG Supports Affordable Housing through FHLBank Chicago

Each year, FHLBank Chicago contributes 10% of our earnings to affordable housing programs. Our Affordable Housing Program (AHP) allows our members to partner with for- and not-for-profit developers and organizations to create affordable housing opportunities in their communities. For 2021, we were proud to support 51 projects, impacting 2,430 housing units across Illinois and Wisconsin through $30 million in grants.

One of these 2021 AHP projects, The Starr Youth Home, is being facilitated through a partnership between our member, Johnson Financial Group, and their project sponsor, Rawhide Youth Services. Embedded in Johnson Financial Group’s culture is a genuine mission to make communities better. This privately owned, Wisconsin-based company is anchored in a philanthropic spirit, which nicely aligns with Rawhide’s mission to inspire and equip at-risk youth and their families to lead healthy and responsible lives through family-centered care, treatment and education.

We were pleased to connect with Johnson Financial Group and Rawhide Youth Services, to learn about The Starr Youth Home. This newly constructed, 10,000 square-foot home will be specifically designed to increase safety, convenience, and much needed capacity to serve at-risk boys who suffer from severe trauma and abuse. $240,000 will be utilized to build a single site residential facility containing 16 total units. The home will also have designated community space for the residents to come together, feel a sense of support, and build relationships.

Read entire report on fhlbc.com