May 11, 2026 - Federal Home Loan Banks Publish 2025 Impact Report

Affordable Housing Program (AHP)

A hallmark of our commitment to housing affordability, AHP subsidizes the purchase, construction, rehabilitation, and preservation of affordable rental and owner-occupied homes. Each Federal Home Loan Bank directs at least 10 percent of the prior year's net income to fund AHP, making it the nation's largest source of privately funded grants for housing and community development. Since AHP's inception in 1990, we have delivered more than $9 billion through the program, adapting over time to meet the changing needs of our members and the communities they serve. We also sponsor AHP Homeownership Set-Aside Programs to assist first-time or income-qualified homebuyers with down payment, closing, and home rehabilitation costs.

Community Investment Program (CIP) & Community Investment Cash Advance (CICA)

CIP and CICA provide members with access to discounted funding-below standard advance rates-to finance projects that deliver measurable community impact. CIP finances affordable housing projects for specific populations, such as underserved communities, seniors, and low- to-moderate income households, while CICA primarily supports economic development projects that strengthen lower-income communities and small businesses.

Voluntary programs

The individual Federal Home Loan Banks go beyond the core universal programs, making voluntary contributions to support district-specific initiatives. Ranging from affordable housing construction to targeted economic development, these initiatives often focus on small businesses, underserved areas, and disaster relief. Our regional structure enables each Federal Home Loan Bank to respond directly to local needs with tailored solutions.