Affordable Housing Programs

In addition to providing on-demand liquidity to member financial institutions, the FHLBank System promotes community development through two of the nation's most successful ongoing housing initiatives:  the Affordable Housing Program and the Community Investment Program.

The Affordable Housing Program (AHP) encourages innovative lending efforts by FHLBank members supporting homeownership financing programs and the availability of rental housing for low-to moderate income applicants.  FHLBank members can access these subsidies through the AHP Competitive Application Program and the AHP Homeownership set-aside Program. From 1990, when the AHP was authorized, through 2017, the FHLBanks have awarded approximately $5.8 billion in funding, supporting approximately 865,000 housing units.

The Community Investment Program (CIP) and Community Investment Cash Advance (CICA) Program also support the FHLBanks core mission, by providing advances to members to assist the financing of housing or other economic development initiatives to benefit low- and moderate-income households and neighborhoods.   In 2017, the FHLBanks issued approximately $4.6 billion in Community Investment Program advances for housing projects and approximately $97 million for economic development projects.  The FHLBanks issued approximately $3.8 billion in CICA advances in 2017 for community development projects such as commercial, industrial, and manufacturing projects, social services, and public facilities.

Additional information on these programs is available from the Community Investment Officer at any FHLBank, or from the Federal Housing Finance Agency:
400 7th Street, SW
Washington, DC 20219
(202) 649-3800
FHFAinfo@fhfa.gov.

Data Source:  Federal Housing Finance Agency