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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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 is our most widely used program, providing grants of up to $20,000 for low- and moderate-income homebuyers.

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

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

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

Special needs and elderly households in need of home repairs may receive up to $20,000 through this fund.

The Hundred Homes Initiative provides grants of $50,000 to assist homebuyers in moving out of pre-June 15, 1976 mobile homes.
FHLB Volunteers with Jimmy and Rosalynn Carter Work Project in Nashville
FHLB Cincinnati and three member institutions helped build a home for a deserving family at the Carter Work Project in Nashville.