Paulette Vass

Community Development Advances

Part of a discounted fixed-rated financing program, Community Development Advances (CDA) are used by members to support affordable housing development or small business loans or to make improvements to local schools or roads.

Supporting Communities

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

Inside Look:

CDA

See more details about this advance product.

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CDA Extra

Explore more information about this advance product.

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Terms of Funding

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

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Upcoming Webinars

FHLBank Boston hosts training sessions throughout the year to share guidelines on submitting CDA applications. Review the upcoming trainings we offer.

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old mill building in Western Massachusetts that was redeveloped
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Training Materials

If you are a member interested in applying and missed one of our trainings, please view the presentation slides or the recorded webinar by clicking on the link below.

View Webinar

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Advisory Council

Leading professionals in housing and community development guide FHLBank Boston in how to best support New England’s housing finance and community lending needs.

Meet the Council

two men standing in front of an old mill building that was redeveloped

Creating a Vibrant Business Center

A bank in Western Massachusetts used the CDA to help a local real estate developer in North Adams transform a vacant mill into a center that includes a mix of more than 50 businesses.

Read the Story