GRANTRADAR/Grant Programs/FHLB Community Development Advances
FederalLoan / Loan GuaranteeStackable

FHLB Community Development Advances

Administered by Federal Home Loan Bank · Federal Program

BENEFIT
Up to $10M
Deadline type: rolling

Eligibility Requirements

  • 1Must work through FHLB member institution
  • 2Below-market rate advances for community development projects
  • 3Targeted to LMI communities and affordable housing
  • 4Available through FHLB Cincinnati (OH) and FHLB Indianapolis (MI)

Eligible Project Types

Affordable HousingCommercialMixed UseMultifamily
STACKING POTENTIAL

FHLB Community Development Advances is stackable — it can be combined with other federal, state, and local programs on the same project. Michigan and Ohio projects commonly stack this federal credit with state brownfield TIF, historic tax credits, and local abatements to maximize total incentive value. Use GrantRadar to see your full stack.

Source: Federal Home Loan Bank official program page ↗ · Last verified 2026-04-01
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STACKABLE WITH
Federal Historic Tax Credit
20% credit · Tax Credit
New Markets Tax Credit
39% credit · Tax Credit
Opportunity Zone Program
Negotiated / contact agency · Tax Abatement / Other
Federal Low Income Housing Tax Credit
Negotiated / contact agency · Tax Credit
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