FHLBank Targeted Mission Activities

This report discusses the FHLBanks’ targeted mission activities to support low-income housing and community development. The FHLBanks support a range of these activities through various programs: the statutorily mandated Affordable Housing Program (AHP), the statutorily mandated Community Investment Program (CIP), the voluntary Community Investment Cash Advance Program (CICA), and additional FHLBank voluntary programs. Under these programs, the FHLBanks provide loans (referred to as advances) and grants to their members or housing associates, as applicable, which use these funds to assist very low- and low- or moderate-income households and communities. Additionally, all FHLBanks support low-income housing and community development through voluntary programs that the FHLBanks offer at their discretion. Each year, the FHLBanks adopt Targeted Community Lending Plans (TCLPs), in which they identify and assess significant affordable housing needs in their districts to be addressed through their AHPs and describe how they will address identified credit needs and market opportunities in their districts for targeted community lending.