Housing and Community Investment

The Federal Home Loan Bank of Cincinnati (FHLB) plays an important role in supporting the affordable housing and economic development initiatives throughout our Fifth District states of Kentucky, Ohio and Tennessee.

The FHLB offers a range of flexible programs to help our member financial institutions and housing partners build strong communities, whether it involves single-family housing, housing for special needs households, community infrastructure or job creation.



Affordable Housing Program

AHP is our largest and most impactful initiative. Grants of up to $1 million are awarded on a competitive basis and can fund both ownership and rental projects.

Disaster Reconstruction Program

Households affected by natural disasters can qualify for help with repairing, rebuilding or acquiring a new home through the DRP.

Community Investment Cash Advances

The FHLB provides discounted Advances to support housing and economic development. These loans are available year round.

Zero Interest Fund

The ZIF provides zero-interest loans to promote housing and economic development, helping to fund upfront infrastructure costs.

Carol M. Peterson Housing Fund

Special needs and elderly households in need of accessibility modifications or emergency repairs may receive up to $7,500 through this fund.

Welcome Home Program

Welcome Home is our most widely used program, providing grants of up to $5,000 toward down payment and closing costs for low- and moderate-income homebuyers.

Member Spotlight

News & Events