We were created by Congress in 1932 to provide housing finance access to our members. We are one of 11 privately owned and capitalized FHLBs and do not use any taxpayer dollars. Only financial institutions that meet statutory requirements are eligible to become member stockholders and participate in our programs. These programs earn a profit for the FHLB, most of which is returned to members through a dividend or reinvested in our three state district through grants.
Programs and Services
Mortgage Purchase Program
We are an alternative to the traditional secondary mortgage market, purchasing high quality, fixed rate residential mortgage loans.
Community Investment
We provide grants and below market rate Advances when used for affordable housing and community lending purposes.
Correspondent Services
We provide our members with a variety of correspondent services that assist with their back office operations and investment decisions.
Home for Good: How One Woman Turned Rent Into Homeownership
Member Citizens National Bank, Somerset, Ky., a longtime user of the Welcome Home Program, has helped numerous homeowners throughout southern Kentucky purchase a home. This milestone can appear out of reach for many, particularly in rural areas of FHLB Cincinnati’s District, such as McCreary County, where poverty rates creep over 30 percent.
