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

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CDA Extra

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Terms of Funding

Each member can disburse up to $15 million in CDA Extra and $35 million in CDA during any calendar year. Find out how each member's CDA Extra and CDA limits and approvals are managed.

Upcoming Webinars

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

old mill building in Western Massachusetts that was redeveloped