Members can use CIP credit may to fund or support affordable housing or economic development activities that serve low- and moderate-income individuals and families and help develop and revitalize their communities. Full details and applications for these programs are available on the Bank’s Member Portal.
CIP Advances for Housing
Members can use this program to finance the purchase, construction, or rehabilitation of single-family and multifamily housing by and for low- and moderate-income individuals and families. It is also used to finance mortgage lending to eligible first-time homebuyers and to support the development of innovative and effective affordable housing projects.
CIP Advances for Economic Development
Members can use this program to finance and support community lending and economic development, where the targeted beneficiaries’ income level is 80% or below of the area median income.