Esperanza Receives $128,000 from Federal Home Loan Bank to Expand Housing Services for Developmentally Disabled Adults
We are pleased to announce that Esperanza has received an award from the Federal Home Loan Bank of Chicago in the amount of $128,000. The award was made through the Federal Home Loan Bank’s Affordable Housing Program, and will help Esperanza create 16 new units in its Community Integrated Living Arrangement (CILA) program. Esperanza’s CILAs are supported living homes where adults with developmental disabilities live as independently as possible while receiving 24-hour care and support. Decisions were made following a competitive application process.
“This is a huge step forward for our CILA program,” said David Stupay, Esperanza executive director. “We’ll be able to provide support and care to more residents than ever before in our history. We’re excited to be able to start moving people off of the waiting lists and closer to independence.”
In total, the Federal Home Loan Bank of Chicago awarded more than $19 million to help finance 58 affordable housing projects located primarily in Illinois and Wisconsin. “These rental and ownership projects will provide more than 2,700 affordable housing units to individuals and families who need a home that they can afford,” says Sam Nicita, Community Investment Officer at the Federal Home Loan Bank of Chicago. The Federal Home Loan Bank of Chicago allocates 10% of its earnings to affordable housing programs.
About the Federal Home Loan Bank of Chicago
The Federal Home Loan Bank of Chicago is a $66.4 billion wholesale bank serving the needs of member housing finance institutions located in Illinois and Wisconsin. Their mission is to partner with our member shareholders to provide them competitively priced funding, a reasonable return on their investment, and support for community investment activities. The U.S. Congress created the Federal Home Loan Bank System, which includes 12 Federal Home Loan Banks, in 1932 to promote housing finance, but the Banks are wholly owned by their member institutions.
About Esperanza Community Services
Esperanza Community Services is an organization dedicated to helping children and adults with developmental disabilities become as independent as possible. The mission of Esperanza Community Services is accomplished through effective programs delivered both on our campus in the West Town neighborhood of Chicago and throughout the community. We offer a quality school for students age 5-22 with developmental disabilities and behavior concerns; a day program that helps developmentally disabled adults build self-care and vocational skills; in-home case management; 24-hour supported living residences; ABA behavior support; bilingual services (English and Spanish); plus art, music and many opportunities for remaining an integrated part of the community. Together, our programs and services provide a comprehensive array of support designed to help each student and adult reach his or her full potential.