The Federal Home Loan Bank of Chicago (FHLB) named two organizations this week that will benefit from its 2016 Community First Awards, which recognize the bank's member institutions and their partners that work together to strengthen their communities.
Each nonprofit organization winner will receive $10,000.
The Children's Place Association was named as a is one recipient of a $10,000 project or program award. The organization strives to positively transform the futures of children confronting illness and extreme poverty. It recently opened West Humboldt Place in the West Humboldt neighborhood of Chicago, offering 13 affordable rental housing units for families facing serious health issues.
Heartland Housing, Inc. is another recipient of a $10,000 project or program award. Based in Milwaukee, the organization provides affordable housing to families that have dealt with or are close to dealing with homelessness.
"Today, the Federal Home Loan Bank of Chicago presented two Community First Awards to organizations committed to providing affordable housing for the most vulnerable members of our communities," Suzi Thackston, community investment officer for Federal Home Loan Bank of Chicago, said. "Not only is the housing high-quality, but it also offers the necessary supportive services to ensure the success of the residents. It was a pleasure to recognize our members and their community partners."