Chicago Treasurer’s Office Partners to Invest in Lower-Middle Income Loan Programs

Through a public-private partnership between the Chicago City Treasurer’s Office and R. Seelaus & Co., Inc., a full-service investment and asset management firm, new capital has been invested in Freddie Mac and Fannie Mae that will make mortgages for single-family homes more accessible in the city’s South and West Side neighborhoods. 

The City Treasurer’s Office has initially invested $7 million, with a commitment to invest a total of $25 million within the first quarter of 2023, in partnership with R. Seelaus & Co. Chicago Treasurer Melissa-Conyears said, “Access to homeownership is both a cornerstone to lift marginalized neighborhoods and a critical tool for building long-term wealth, and a more equitable future.” 

The initiative began in late January 2023, with the Treasurer Office’s initial investment from cash holdings to lower-middle income loan programs under-written by Freddie Mac and Fannie Mae and exclusive to Chicago residents.  

The post Chicago Treasurer’s Office Partners to Invest in Lower-Middle Income Loan Programs appeared first on Connect CRE.