We are thrilled to provide this level of support to projects that meet the important housing needs in our communities by offering safe affordable housing options." Each year the Federal Home Loan Bank of Chicago allocates a portion of its earnings to affordable housing programs. During 2013, those programs consisted of both the $28 million competitive AHP grant program and a $17 million Downpayment Plus® (DPP®) program; DPP provides forgivable grants through the Bank's member institutions to assist with down payment and closing costs for eligible households. Since 1989, the Federal Home Loan Bank of Chicago has awarded more than $316 million in competitive AHP grants and more than $110 million in DPP funds that have helped provide housing for families whose incomes are 80% or less of the area median income.