Community Investment Program
Each FHLBank is statutorily required to offer Community Investment Program (CIP) advances to members. CIP advances finance housing for affordable households with incomes up to 115 percent of area median income or commercial and economic development activities that benefit low- and moderate-income families, or activities located in low- and moderate-income neighborhoods.
In 2023, the FHLBanks collectively issued roughly $4.2 billion in CIP advances for housing projects and $270.7 million for economic development projects.