CEFCU Gets Affordable Housing Grant FromFHLB

December 21, 2005, 1:00 a.m. EST 1 Min Read

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CHICAGO - (12/21/05) -- The Federal Home Loan Bank ofChicago announced Tuesday it has awarded a $52,500 affordablehousing grant to CEFCU, the only one of 69 projects and $14.2million in grants awarded to a credit union by the Chicago bank.The Peoria, Ill., credit union will use the funds to financeno-cost repairs to low-income homeowners at the 15-unit CommonPlace residential development in Peoria. Earlier this year, theChicago bank awarded $14.6 million to 66 affordable housingprojects, but none of it to credit unions.

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