Whether a community needs capital for small businesses, fixed-rate financing for affordable housing, or improvements to local roads or schools, members can turn to the Federal Home Loan Bank of Boston's Community Development advances.

Advances for Affordable Housing
Members can tap Community Development advances to help finance the purchase, construction, rehabilitation, or predevelopment financing of affordable housing.

Advances for Economic Development
Members can use Community Development advances to support a wide range of economic-development initiatives, including loans for small businesses, social-service or public-facility initiatives, and infrastructure improvements. These advances can also be used to fund commercial, industrial, and manufacturing initiatives.

Advances for Mixed-Use Initiatives
Community Development advances can also be used to finance projects that involve a combination of economic-development and affordable housing.

Available Products and Maturities
Community Development advances are available with maturities of one month and longer. Three kinds of Community Development advances are always available: Classic, Member-Option, and Amortizing.

• Classic advances are fixed-rate advances with interest due monthly and principal due at maturity.
  
  
• Member-Option advances are fixed-rate advances that are repayable without fee on specified cancellation dates.
  
  
• Amortizing advances are fixed-rate advances with monthly payments of interest and principal.

Other Community Development advances may be available; members should contact the Housing and Community Investment Department, at housing@fhlbboston.com or 1-888-424-3863, for more information.

Community Development Advances User Manual