Community Development Advance Overview

All Products & Programs

Advances

With fixed and adjustable rate features, FHLBank Boston’s broad range of advances offers flexible cash flow and payment options to fit members’ business goals.

Mortgage Partnership Finance

The Mortgage Partnership Finance program serves a wide range of secondary market options whether it is enhanced revenue through risk sharing or liquidity by providing ready access to the conventional and government markets.

Housing & Economic Growth

FHLBank Boston members use our suite of housing and community investment programs to expand the stock of affordable housing and promote economic development.

Letters of Credit

Financial institutions use our letters of credit to facilitate residential housing finance and community lending, improve liquidity, and meet a variety of other financing needs.

Correspondent Services

Safekeeping, wire transfer, and other correspondent services from FHLBank Boston help members improve profitability and save time managing their cash positions and securities portfolios.

Online Banking

Offering a user-friendly and intuitive experience, Online Banking enables members to initiate advances, outgoing advance wires, safekeeping trades, letters of credit, and more online.
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All Member Resources

Products & Solutions Guide

Review advance product details and information about eligible collateral, collateral evaluation, and borrowing documentation in the Products + Solutions Guide.

Forms & Applications

Find the form or application you need to effectively use our products and programs.

Capital Stock Requirements

Read about FHLBank Boston’s membership stock investment requirements to complete transactions.

Member Directory

See which banks, credit unions, and insurance companies comprise FHLBank Boston’s membership.

Policies

Learn more about how FHLBank Boston manages operational risk and supports the expansion of fair and equitable homeownership opportunities.

Collateral Overview

Before securing an advance, letter of credit, or a line of credit, get more information about pledging collateral and our collateral review process.

Supporting Communities

FHLBank Boston offers members two options through this program: CDA and CDA Extra.

Inside Look:

CDA

See more details about the terms of features of this product

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CDA Extra

Explore more about the terms and features of this deeply discounted product

Terms of Funding

Each member can disburse up to $100 million in CDA and $50 million in CDA Extra during any calendar year. Find out how each member’s CDA Extra and CDA limits and approvals are managed.

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Eligibility

Members can use the CDA program to fund various initiatives in their communities. CDA Extra can be used to fund affordable housing developments serving households earning up to 115% of area median income (AMI) and economic development or mixed-use initiatives serving households earning up to 80% of AMI. CDA can be used in support of economic development or mixed-use initiatives benefiting households earning up to 115% AMI in rural areas or households making up to 100% AMI in urban areas.

Find More Details:

CDA Fact Sheet

Review details about the types of initiatives that are eligible for CDA funding.

Read Facts

CDA Extra Fact Sheet

Read details about the types of initiatives that are eligible for CDA Extra funding.

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Ready to Apply?

Members can log in and apply here:

Community Lending Login

Community Development Advance Overview

Supporting Communities

Inside Look:

CDA

​CDA Extra

Terms of Funding

Eligibility

Find More Details:

CDA Fact Sheet

​CDA Extra Fact Sheet

Recorded Webinar

Presentation Slides

Upcoming Webinars

Ready to Apply?

CDA Extra

CDA Extra Fact Sheet