ROCK ISLAND — The Federal Home Loan Bank of Chicago named Brian Hollenback, president of Rock Island Economic Growth Corporation, winner of its Community First Pioneer award at a March 16 meeting in Oak Brook.
The awards recognize outstanding achievements of the bank’s member institutions and their local partners as they work together to strengthen their communities through affordable housing and economic development initiatives, according to a news release.
Award categories include partnership, project or program, pioneer, and emerging leader. Winners identify a nonprofit organization to receive up to $10,000. Mr. Hollenback received the award for leading RIEGC’s efforts to revitalize Rock Island.
Mr. Hollenback’s achievements include triple-digit increases in organizational net worth and income, a successful New Markets Tax Credit transaction, more than $46 million invested in housing, the creation and/or retention of more than 2,000 jobs, and an overall economic impact of $233 million, according to the release.
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“The Pioneer Award celebrates a true community development pioneer who tirelessly devotes his time, talents and energy to make Rock Island a better place for everyone. It was a pleasure to recognize our members and their community partners,” said Suzi Thackston, Community Investment Officer, Federal Home Loan Bank of Chicago.
Mr. Hollenback divided the $10,000 between Christian Care, Rock Island; Robert Young Center, Rock Island; Trinity Health Foundation, Rock Island; Martin Luther King Jr. Center, Rock Island; Moline Fire Fighter Association Local 581, Moline; Our Lady of Grace Catholic Academy, East Moline; Turtle Clan Development Services, Chicago; and Enos Park, Springfield.