Cinnaire’s Beto Sanchez receives Prestigious Federal Home Loan Bank of Chicago Award

Yesterday, the Federal Home Loan Bank of Chicago (FHLBC) announced one of their 2017 Community First® Awards. The awards recognize outstanding achievements of the FHLBC’s member institutions and local partners that work together to strengthen their communities through affordable housing and economic development initiatives. Award categories include partnership, project or program, pioneer, and emerging leader. Award winners identify a nonprofit organization to receive up to $10,000.

Cinnaire is proud to announce the FHLBC selected Beto Sanchez as the 2017 Community First Emerging Leader. The Emerging Leader category recognizes the potential of an individual who is new to the affordable housing and community development field.

“The momentum of community development depends on those leading the efforts, so it’s exciting to recognize Beto as an emerging leader in the field,” said Suzi Thackston, FHLBC Community Investment Officer. “We look forward to continuing our partnership with Beto for years to come.”

Beto began his career at Cinnaire in 2014 as an Underwriter in our Chicago office. In that time, he has accomplished significant achievements with his work in Affordable Housing Program (AHP) initiatives. “Beto’s contributions to our organization have made a tremendous impact on many fronts – most notably the AHP work we have done with the FHLBC,” said Katey Forth, Cinnaire Lending President. “Beto has taken the lead on all the applications we have submitted for the past two years. In just two rounds, Beto has led successful applications for 12 projects representing a total of 641 new homes. His work provided each deal with this critical financial resource to create high quality, safe, and affordable housing options for those who need it most.”

Beto is valued by his colleagues at Cinnaire for his dedication to community, perseverance and genuine compassion. He is committed to fulfilling Cinnaire’s mission to stabilize and support community and economic development throughout our footprint. Beto lives in Chicago with his wife and son, where he enjoys cheering on his beloved Chicago Cubs, attending plays and volunteering at his church.

Beto has selected New Life Community Church to receive the $10,000 cash award. New Life Community Church has churches in over 20 locations in Chicago, Indiana and Internationally. Beto intends for the donation to be used to support the Summer Youth Ministry Program, providing young people in Chicago a positive activity to participate in over the summer, and the “Be the Change” campaign, which will support the renovation and expansion at the main auditorium at the Midway church location.

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