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.
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.
Households affected by natural disasters can qualify for help with repairing, rebuilding or acquiring a new home through the DRP.
The FHLB provides discounted Advances to support housing and economic development. These loans are available year round.
The ZIF provides zero-interest loans to promote housing and economic development, helping to fund upfront infrastructure costs.
Special needs and elderly households in need of accessibility modifications or emergency repairs may receive up to $7,500 through this fund.
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.
The FHLB's Carol M. Peterson Housing Fund and RiverHills Bank helped put a new roof on the home of Marjam Barbee of Batavia, Ohio.Read More
Appalachian Service Project
After fires devastated Gatlinburg and Sevier County, Tenn., FHLB's Disaster Reconstruction Program was there to help fund rebuilding through ASP.Read More
United Cumberland Bank
Whitley City, Ky.
"Welcome Home helps people to buy homes, gives them an entry into the economy system and helps them to build wealth and change lives."Read More
"Partnership Housing has used two FHLB Cincinnati programs to bring affordable housing to Owsley County, Ky. , helping families like the Ratliffs. "Read More
Neighborhood Housing of Knoxville helps homeowners get the resources they need to make essential repairs to their homes with the help of FHLB's Carol M. Peterson Housing Fund.Read More