Beneficiary questionnaire fhlbc pdf 2026

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  1. Click ‘Get Form’ to open the beneficiary questionnaire in the editor.
  2. Begin by entering the household member's name and age in the designated fields. Indicate if they are currently a student and provide their anticipated graduation date if applicable.
  3. Next, specify the marital status of the household member and confirm if they are a first-time homebuyer by selecting 'Yes' or 'No'.
  4. Fill out the employment information section. Indicate current employment status, employer name, position, and any pending changes in income.
  5. Provide details about other income sources, including amounts and pay frequencies for each type listed.
  6. Finally, review all entered information for accuracy before signing and dating the form at the bottom.

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The Homeownership Set-Aside Program uses a portion of an FHLBs Affordable Housing Program funds for down payment and closing costs, and/or rehabilitation cost assistance to low- and moderate-income households purchasing a home.
Household income must be more than 80%, but not exceed 120%, of the area median income. As a member bank of FHLBank Atlanta, Atlantic Union Bank offers the FHLBanks Homeowner Assistance Products listed above. The homebuyer must contribute at least $1,000 toward their home purchase.
Under the Federal Home Loan Bank Act (FHLBank Act), the specified uses of AHP funds are to finance the purchase, construction, or rehabilitation of owner-occupied housing for low- or moderate-income households (with incomes at 80 percent or less of the area median income), and the purchase, construction, or

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Prospective applicants may qualify for ARO rental units if their household gross income is generally at or below 60% of the Area Median Income (AMI) and meets the 40% rent-to-income affordability requirement. In certain cases, eligibility may extend to households with incomes up to 80% or even 100% AMI.
FHLBank Chicagos AHP General Fund provides grant funding for the purchase, construction, and/or rehabilitation of affordable rental and owner-occupied housing. Through an annual, competitive application process, AHP subsidy is awarded as a forgivable grant from FHLBank Chicago, through a member, to a project sponsor.

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