Chicago Treasurer’s Office and R. Seelaus & Co. Invest to Increase Homeownership and Renew Neglected Neighborhoods
Melissa Conyears Ervin photo by the City Treasurer of Chicago
partnership between the Chicago City Treasuer’s Office and R. Seelaus & Co., Inc., a certified women-owned, full-service investment and asset management firm, new capital has
been invested in Freddie Mac and Fannie Mae that will make mortgages for single-family homes more accessible
on the city’s south and west side neighborhoods.
& Co. About the investment, where the homeownership rates for Blacks is 35% and 43% for Hispanics, compared
with 54% for Whites, Chicago Treasuer Melissa-Conyears whose office is the custodian and manager of all cash and investments for the City, said: “Access to homeownership
is both a cornerstone to lift marginalized neighborhoods and a critical tool for building long-term wealth, and a more equitable future. We’re proud to be part of this initiative because it will get desperately needed mortgage capital into the hands of hard-working Chicagoans who historically and
systematically have been blocked out of the American Dream of homeownership.”
Office’s initial investment from cash holdings to lower-middle income loan programs under-written by Freddie Mac and Fannie Mae and exclusive to Chicago residents. These investments will allow low-to-moderate income Chicago residents to purchase their single-family dream home and instill confidence in the market that helps catalyze additional economic development opportunities and contribute to
a community’s well-being and vibrancy.
a profound and lasting impact on the families and neighborhoods of Chicago that need it most,” said Annie
Seelaus, CEO, Seelaus.
for women in the financial services. Seelaus and its subsidiaries offer investment advisory, asset management,
capital markets, brokerage, fixed income and equity trading,
institutional sales, leveraged finance and insurance services. The R. Seelaus & Co., LLC subsidiary is a broker dealer registered with the SEC and member of FINRA, and the subsidiary Seelaus Asset Management, LLC, is an SEC Registered Investment Advisor (“RIA”). With various fixed income trading desks and more than sixty professionals, both entities serve individuals, families, public and private
companies, non-profit organizations, and institutional investors. The firm has offices in New Jersey, Connecticut,
Florida, Illinois, North Carolina, and Massachusetts. For more information about R. Seelaus & Co., and its
subsidiaries visit www.rseelaus.com.
Since her election in 2019, City Treasurer Melissa Conyears-Ervin has brought the public and private
sectors together to provide comprehensive financial education and awareness programs that sharpen
money management skills and impart the financial knowledge that puts people on the path to a more stable and prosperous future. The Treasurer is one of three city-wide
elected officials in the City of Chicago, with the Mayor and the Clerk being the others. As City Treasurer, she is committed to using a positive, results oriented approach with city departments. She works to restore the public’s trust in government that works for the people and applies an equity lens to all of the office’s programs and outreach. For additional information www.chicagocitytreasurer. com.
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