Cinnaire announced the award of $3,225,000 Affordable Housing Program (AHP) grants from the Federal Home Loan Bank of Chicago (FHLBank Chicago). The award will support five affordable housing developments with a total of 238 housing units. The AHP grants will support the acquisition, construction and/or rehabilitation of multifamily housing projects in Virden, IL; Barron, WI; Milwaukee, WI; Rice Lake, WI; and Sheboygan, WI. In total, the Federal Home Loan Bank of Chicago is granting $20.6 million through its AHP General Fund to help finance 35 housing projects located in Illinois and Wisconsin. These funds will support the acquisition, rehabilitation and new construction of over 1,600 housing units.