illinois_housing_development_authority_finance_com.pdf
IHDA Extends SBPA with Federal Home Loan Bank
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Description
The Illinois Housing Development Authority Finance Committee reviewed and is asked to approve an amendment and five-year extension of the Standby Bond Purchase Agreement with the Federal Home Loan Bank of Chicago for the $40 million Revenue Bond 2020 Series C. The extension will maintain existing liquidity backstop protections and align with IHDA’s broader debt management strategy through November 2030.
Contract Details
Vendor
FEDERAL HOME LOAN BANK OF CHICAGO
Agency
Illinois Housing Development Authority, IL
Contract Type
FINANCIAL_SERVICES
Document Date
November 21, 2025
Contract Term
Extension of SBPA for Revenue Bond 2020 Series C through November 2030 (additional five years)
Renewal Date
2030-11-30
Renewal Info
Second or subsequent extension of the existing SBPA for Revenue Bond 2020 Series C, adding five years of term so that the agreement runs through November 2030 with updated legal language and pricing terms; protections under the prior agreement remain in place.
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PENDINGIssuing Agency
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