Federal Home Loan Bank of Chicago, Bmo, and Full Circle Communities Support Rehabilitation of Brainerd Senior Center with $900,000 Affordable Housing Program Grant and $11.8 Million Construction Financing

Federal Home Loan Bank of Chicago awarded a $900,000 Affordable Housing Program (AHP) grant through member BMO to support the rehabilitation of Brainerd Senior Center, helping preserve long-term affordable housing for seniors, including seniors with disabilities. In addition to the AHP grant, BMO also provided $11.8 million in construction financing and a $2.1 million permanent loan for the project. The rehabilitation preserved existing affordable housing while addressing critical building needs, including roof and mechanical system replacements, new unit finishes and fixtures, and upgrades to common areas.

On-site supportive services are provided by Christian Community Health Center and focus on health and wellness, recreation, and social engagement. Brainerd Senior Center was developed by Full Circle Communities with support from BMO, Federal Home Loan Bank of Chicago?s Affordable Housing Program, Cordogan Clark, GMA, Christian Community Health Center, the Illinois Housing Development Authority, the City of Chicago, ComEd Energy Efficiency, and other public and private partners.