First-Time Users Guide

FHLB Cincinnati runs a number of programs in support of affordable housing and community development -- everything from homeownership to special needs housing, economic development to disaster recovery. Each program is accessed through a FHLB member and has its own application process. This guide will introduce you to program basics. Additionally, the FHLB also conducts seminars and webinars, which provide more in depth information.  Please contact a member to access funds.

Affordable Housing Program

Provides grants up to $1 million for the development of affordable rental and owner-occupied housing. To access the funds, affordable housing developers (“Sponsors”) partner with FHLB members to apply for funding. The application period is typically between June and August each year. Applications are submitted online. To apply for a username, collect this information and fill out this online form. For further detail, click here.

Welcome Home Program

Provides grants of up to $5,000 to low- and moderate-income households to assist in the purchase of a home. Members apply for these grants online through the Members Only website. Funds are awarded on a first-come, first-served basis. The application period typically begins March 1 and ends when all funds are reserved. For further detail, click here.

Carol M. Peterson Housing Fund

Provides grants up to $7,500 to help low- and moderate-income elderly and/or special needs households make accessibility modifications and emergency repairs to their homes. Members apply for these grants online through the Members Only website. Funds are awarded on a first-come, first-served basis. The application period typically begins June 1 and ends when all funds are reserved. For further detail, click here.

Disaster Reconstruction Program

Provides grants up to $20,000 to assist survivors in declared disaster areas within the Fifth District repair or replace their home after a disaster. Members apply for these grants online through the Members Only website. Funds are awarded on a first-come, first-served basis. For further detail, click here.

Community Investment Program

Provides discounted Advances to finance the purchase, construction, and/or rehabilitation of housing and economic development projects that meet certain qualifying factors. Funds are available on a continuous basis via the CIP Application, which can be emailed or faxed to the FHLB. For further detail, click here.

Economic Development Program

Provides discounted Advances to promote economic development and job creation/retention projects that meet certain qualifying factors. Funds are available on a continuous basis via the EDP Application, which can be emailed or faxed to the FHLB. For further detail, click here.

Zero Interest Fund

Provides interest-free loans up to $100,000 to help fund the upfront infrastructure costs for housing, commercial, and / or industrial real estate-related projects. The ZIF application can be emailed or faxed. For further detail, click here.

Questions? Please contact the FHLB’s Housing and Community Investment Department at (513) 852-7680 (toll-free at 888-345-2246) or housing@fhlbcin.com.