ADVISORY/Mayor Daley and Fannie Mae Vice Chair Jamie Gorelick to Announce Multibillion Dollar 'HouseChicago' Investment Plan.Assignment/News Editors ADVISORY...for Tuesday Tuesday: see week. (May 15) --(BUSINESS WIRE) Single Largest Housing Investment in Chicago History
WHEN: May 15, 2001
11:00 a.m.
WHO: The Honorable Richard M. Daley The Honorable Arenda Troutman
Mayor, City of Chicago Alderman, 20th Ward
Jamie Gorelick Reverend Gerald Dew
Vice Chair, Fannie Mae Pastor, Antioch Missionary
Baptist Church
Rick Daniel Yasmin T. Bates
Executive Director, President,
W.N. Daniel Foundation, Inc. Harris Bank Chicago City
Region
Peter Dwars John Varones
Executive Director, Managing Director,
Illinois Housing Development Apollo Housing Capital LLC
Authority
WHAT: Fannie Mae (NYSE:FNM), the nation's largest source of
financing for home mortgages, will announce a multibillion
dollar housing plan for Chicago - its largest investment plan
in the country and the single largest housing investment in
the history of the City of Chicago. Mayor Richard Daley, U.S.
Representative Bobby Rush (tentative), Alderman Arenda
Troutman and other community and housing partners will join
Fannie Mae's Vice Chair, Jamie Gorelick, for the announcement,
which will help thousands of Chicago families achieve
homeownership. The announcement will be held at Antioch Homes
II in Englewood, the groundbreaking site of 57 new affordable
apartments. This development was made possible through Fannie
Mae's $3.8 million investment in the property, which qualifies
for federal Low Income Housing Tax Credits (LIHTC).
WHERE: Antioch Homes II
64th and Normal Avenue
Chicago, IL
Directions: Take Dan Ryan South to 63rd Street Exit. Go Right
(west) on 63rd past two stoplights to Normal Avenue. Take a
left on Normal and go south one block to 64th.
NOTE: In case of inclement weather the event will take place
at the Wilbur Daniel Fellowship Hall, located within the
Antioch Missionary Baptist Church at 415 W. Englewood,
Chicago, IL
Fannie Mae Fannie Mae: see Federal National Mortgage Association. is a New York Stock Exchange New York Stock Exchange (NYSE) World's largest marketplace for securities. The exchange began as an informal meeting of 24 men in 1792 on what is now Wall Street in New York City. company and the largest non-bank financial services The examples and perspective in this article or section may not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. company in the world. It operates pursuant to a federal charter and is the nation's largest source of financing for home mortgages. Fannie Mae is working to shrink shrink Vox populi noun A psychiatrist the nation's "homeownership gaps" through a $2 trillion One thousand times one billion, which is 1, followed by 12 zeros, or 10 to the 12th power. See space/time. (mathematics) trillion - In Britain, France, and Germany, 10^18 or a million cubed. In the USA and Canada, 10^12. "American Dream American dream also American Dream n. An American ideal of a happy and successful life to which all may aspire: Commitment" to increase homeownership rates and serve 18 million targeted American families American Family is a photographic artwork exhibition by Renée Cox. See also
More information about Fannie Mae can be found on the Internet Internet Publicly accessible computer network connecting many smaller networks from around the world. It grew out of a U.S. Defense Department program called ARPANET (Advanced Research Projects Agency Network), established in 1969 with connections between computers at the at http://www.fanniemae.com. |
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