Affordable housing and economic development are an important part of our mission. The Federal Home Loan Bank of Cincinnati (FHLB) plays a vital role in supporting 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 Application OASYS LoginPrograms
Affordable Housing Program
AHP is our largest initiative. Grants of up to $1.5 million are awarded on a competitive basis and can fund both ownership and rental projects.
Welcome Home Program
Welcome Home is our most widely used program, providing grants of up to $20,000 for low- and moderate-income homebuyers.
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 home repairs may receive up to $20,000 through this fund.
Hundred Homes Initiative
The Hundred Homes Initiative provides grants of $50,000 to assist homebuyers in moving out of pre-June 15, 1976 mobile homes.
Housing programs help FHLB connect with RiverHills Bank
Each year, over 200 members take part in one or more of FHLB's housing programs. One of those banks is RiverHills Bank of Milford, Ohio.
