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FHLBank Chicago Announces $50 Million in Interest Rate Subsidies to Expand Community Building Impact
CHICAGO--(BUSINESS WIRE)--Jul 16, 2024-- The Federal Home Loan Bank of Chicago (FHLBank Chicago) is providing $50 million in interest rate subsidies to help expand affordable housing, economic development, and community partnerships in Illinois and Wisconsin through its new Community Impact Advance Pilot Program. This Program provides an up to two percent reduction in interest rates on advances, which are secured loans, to help FHLBank Chicago member financial institutions support their customers and amplify the impact they are making in their communities. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240716310882/en/ Pilot program offered through FHLBank Chicago makes $50 million in interest rate subsidies available to support affordable housing and economic development in Illinois and Wisconsin. The Community Impact Advance is available today to member financial institutions. (Photo: Business Wire)
Chicago’s pension debt soars to $37 billion, at just 26% funded
(The Center Square) – Taxpayers in the city of Chicago now owe more than $37 billion in unpaid pension costs after debts soared by at least $1.8 billion over the last 12 months. Data outlined in the city’s annual comprehensive financial report further highlights that the city’s four employee pension funds representing police officers, firefighters, municipal employees and laborers jumped by 5% in 2023. While Chicago Mayor Brandon Johnson recently...
LA Fitness Is Taking Over 9 Chicago XSport Gyms
CHICAGO — LA Fitness is taking over XSport Fitness gyms, putting nine Chicago locations under different management starting Tuesday. XSport members got the news late last week via email from Capital Fitness Inc., XSport’s parent company. “Capital Fitness Inc (XSport Fitness) has made the decision to exit the...
Robbins Police Chief Carl Scott Resigns Amid Investigation, Mayor Prepares Town for Possible Release of Disturbing Video
The Village of Robbins is once again drawing attention as its acting police chief, Carl Scott, steps down amidst an unfolding investigation—this announcement coming just 15 months into Scott's tenure. As CBS News Chicago reports, the Mayor of Robbins, Darren Bryant, was prompted to dismiss the chief after viewing a video of an incident that has yet to be made public, though it was suggested that the footage is disturbing enough to lead to swift action.
Black Fire Brigade Unveils New Educational Center in Chicago to Empower Aspiring First Responders
The Black Fire Brigade (BFB) recently celebrated a significant expansion in their mission to nurture a new generation of first responders, with the grand opening of their BFB Educational Center in Chicago’s Washington Park neighborhood. This milestone marks six years of the organization's tireless service led by retired firefighter and BFB founder Quention Curtis and Terri Winston, contributing to a sea change in community empowerment and public safety.
Deadline approaching for Indiana safe room program
HENDERSON, Ky. (WEHT)- The deadline is approaching for the Indiana Department of Homeland Security’s safe room program. The initiative would reimburse up to 75% ($5,000 maximum) of safe room installations costs for 25 randomly picked applicants. The IDHS program was developed in 2015 to provide a rebate for the installation of safe rooms for Indiana […]
Common Opens Up About Love for Chicago and Relationship with Jennifer Hudson [Video]
Common recently opened up about his love for his hometown, Chicago, and his relationship with Jennifer Hudson. As you know, the couple confirmed their relationship earlier this year. During a recent interview on The Breakfast Club , Charlemagne asked Common how he taps into his Chicago energy, and Common shared...
Chicago’s Best Beef Tournament 2024: The Championship
Welcome to the final round. A champion will be crowned Thursday, July 18th. Vote for who it should be below:. No purchase necessary. No prize provided. For entertainment purposes only. While we are very excited to announce the winner of the Chicago’s Best Beef Tournament, sponsored by Turano Baking Company...
Northeastern Illinois University Board of Trustees Selects Katrina E. Bell-Jordan, Ph.D., as Eighth University President
The Northeastern Illinois University Board of Trustees announced today that it has named Katrina E. Bell-Jordan, Ph.D., as the University’s eighth president, effective Aug. 1, 2024. A special meeting of the University’s Board of Trustees will be held to confirm her appointment. For the past year, Bell-Jordan has...
Teenager faces charges after group attacked, robbed 63-year-old man on CTA train
CHICAGO - A 16-year-old boy was charged after a group of people allegedly attacked and robbed a senior citizen on the CTA last week. The incident occurred on July 8 on an Orange Line train in the Loop. According to police, the group of at least 10 young people approached the male victim, engaged him in a physical altercation and then forcibly took his debit card.
Chicago-area residents asked to delay showers, use less water ahead of severe thunderstorms
Chicago-area residents are being asked to use less water to help prevent overflowing of storm water management systems across the region, with severe thunderstorms possible this evening. According to the Metropolitan Water Reclamation District, an “Overflow Action Day” has been issued for Monday, with another round of powerful thunderstorms expected...
The Chicago Bulls and Billy Donovan are heading towards a break up
The 2024-25 NBA season will mark the 30th consecutive season as a head coach in Billy Donavon’s professional career, a tremendous accomplishment for the future Hall of Famer. Donavon has had a wildly successful career, even though the last four years with the Chicago Bulls have not lived up to expectations.
Christopher Morel had a damn good reason to pimp home run in Cubs win
It hasn't been an easy season for Christopher Morel, who is slashing .202/.303/.387 on the year, which is good for just a .690 OPS. Considering the league average is near the .700 mark, Morel hasn't lived up to expectations so far in 2024, especially given what he achieved just last season in the power department.
Chicago homeless camp closes before Democratic convention
(The Center Square) – Chicago officials have shut down a homeless encampment ahead of the Democratic National Convention. The tents are gone from the site off the Dan Ryan Expressway south of Roosevelt Road. The people who lived there have been offered housing until Aug. 31 in a former hotel on the Near North Side. Patricia Nix-Hodes, of the Chicago Coalition for the Homeless, said it is critical that the...
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