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.

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House Affordable Housing Program

AHP is our largest initiative. Grants of up to $800,000 are awarded on a competitive basis and can fund both ownership and rental projects.

homeowners Welcome Home Program

Welcome Home is our most widely used program, providing grants of up to $15,000 for low- and moderate-income homebuyers.

broken house Disaster Reconstruction Program

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

firetruck Community Investment Cash Advances

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

houses Zero Interest Fund

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

wheelchair 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.

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.

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