FHLBank Chicago Enhances Support for Native Communities with New Appointment

FHLBank Chicago Welcomes Fern Orie to the Advisory Council

The Federal Home Loan Bank of Chicago is excited to welcome Fern Orie as a new member of its Community Investment Advisory Council. With her extensive background as the CEO of the Wisconsin Indigenous Housing and Economic Development Corporation, Orie's appointment is a significant step in strengthening support for Native communities.

Fern Orie's Experience and Contributions

Fern Orie has dedicated her career to housing and community development, focusing on the crucial needs of Native communities. A proud member of the Oneida Nation of Wisconsin, Orie brings decades of experience to her new role. Previously, she served as the Executive Director of the Oneida Housing Authority, and she founded the Wisconsin Native Loan Fund, which is recognized as a pivotal development finance institution in Wisconsin.

Advancing Native Homeownership

As the CEO of WIHEDC, Orie plays a critical role in supporting Native Community Development Financial Institutions (CDFIs) throughout Wisconsin. She co-leads the Wisconsin Native Homeownership Coalition, which aims to empower Native communities by advancing homeownership opportunities, thus enhancing economic development and stability.

The Role of the Advisory Council

The Advisory Council consists of influential leaders from various nonprofits and community organizations within Illinois and Wisconsin. They work hand-in-hand with the FHLBank Chicago Board of Directors, providing invaluable insights that inform the bank's initiatives and programs aimed at solving housing and economic challenges in the region.

Reappointments of Existing Members

In addition to welcoming Orie, FHLBank Chicago has reappointed three current members: Allison Clements, Sharon Legenza, and David Porterfield, to new three-year terms. Their continued presence reinforces the Advisory Council's commitment to its mission of promoting affordable housing solutions.

Allison Clements' Advocacy

Allison Clements, serving as the Executive Director of the Illinois Housing Council, advocates strongly for the development of affordable housing across Illinois. Her leadership has been instrumental in expanding the council's reach and enhancing its advocacy strategies to improve housing policies statewide.

Sharon Legenza's Commitment to Housing Access

Sharon Legenza, as the Executive Director of Housing Action Illinois, focuses on access to quality, affordable housing. She leads initiatives that address housing access and preservation, reflecting her dedication to community development and support for housing legislation in Illinois.

David Porterfield's Expertise in Community Development

Serving as Chair of the Advisory Council, David Porterfield brings over 30 years of community development consulting experience. His work with Hope Community Capital has significantly influenced the creation of affordable housing projects, highlighting his commitment to addressing the needs of underserved populations.

About FHLBank Chicago

FHLBank Chicago is part of a nationwide system designed to provide financial support for member institutions, focusing on solutions that cater to housing and community development. This cooperative is owned by a diverse membership that includes commercial banks, credit unions, and CDFIs, among others. To learn more about FHLBank Chicago and its initiatives, please visit their official website.

Frequently Asked Questions

What is the role of the Community Investment Advisory Council?

The council provides insights and guidance to FHLBank Chicago to enhance its housing and economic development programs.

Who is Fern Orie?

Fern Orie is the CEO of the Wisconsin Indigenous Housing and Economic Development Corporation, appointed to the Advisory Council for her expertise in Native housing issues.

How does FHLBank Chicago support Native Communities?

The bank focuses on programs that advance homeownership and economic opportunities specifically for Native communities.

What other members were reappointed to the Advisory Council?

Allison Clements, Sharon Legenza, and David Porterfield were reappointed for new terms, reflecting continuity in leadership.

What initiatives does the Wisconsin Native Homeownership Coalition undertake?

The coalition aims to promote homeownership within Native communities through various support and educational programs.

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