Your 2nd Chance  Modular Homes

4415 Harrison, Suite 326 Hillside, IL 60162   Phone: 773-677-6460  Email: libmtg2@gmail.com

Our Modular Homes are Corten Constructed, Durable Designed and Energy Efficient Engineered.

Modular Homes

Our Modular Homes are Corten Constructed, Durable Designed and Energy Efficient Engineered.

Business Grants Only

FHLBank Chicago Affordable Housing Program

FHLBank Chicago Affordable Housing Program

Website:                  Click here

501(c)(3):               No blanket requirement.

……………………..Eligible nonprofit and for-profit sponsors may participate.

Description:           Competitive grants for acquisition, new construction or rehabilitation of

……………………..affordable housing.

The General Fund covers eligible owner-occupied and rental projects.

Max. Grant:            2027 cap: $2M per project or 75% of total project costs, whichever is less.

……………………..Awards depend on eligible subsidy need and competitive scoring.

Area:                         Illinois and Wisconsin, including Chicago.

Eligibility:              An eligible FHLBank Chicago member and qualified sponsor apply together.

……………………..Your Second Chance would seek to be the sponsor.

Requirements:     Eligible buyer income, documented subsidy need and a feasible budget.

……………………..Applicable affordability and retention rules.

LTV:                           N/A for the grant.

Any mortgage has separate lender terms.

FICO:                         N/A for the grant.

Any mortgage has separate lender terms.

Forms:                      AHP Online application access  Click here

2027 application exhibits (expected spring 2027)  Click here

2026 owner-occupied sponsor guide (reference)  Click here

Required Docs:     Site information and evidence of site control, if available.

……………………..Development budget, funding sources and subsidy request.

……………………..Sponsor qualifications and plan to serve income-qualified buyers.

Availability:          2026 round closed.

2027 deadline has yet to be confirmed.

Deadline:                Prior round closed June 12, 2026, at 5 p.m. Central.

Contact:                   ahp@fhlbc.com

Notes:  Ask an eligible member bank about partnering with Your Second Chance
on one new owner-occupied home in Chicago and what it needs for review

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