Application Notes:

Applications will be accepted on a rolling basis as long as funding is available, and must be submitted within three months of the close of the financing transaction for the proposed project.

Applications must be submitted online at www.fhlbcin.com/our-members.

Applications must include:

• Member information
• Project information
• Map with street names showing the parcel(s) (if applicable)
• Housing project information (if applicable)
• Economic development project information (if applicable)
• Funding amount requested
• Contact information
• Member certifications
• Additional documentation (optional)

All additional documentation must be uploaded as a single file in .pdf or .tif format.

Applications are generally processed within two business days of receipt. After approval and the applicant’s receipt of an approval letter, the transaction will be treated as a normal credit transaction that requires the completion and submission of the appropriate advance application to the funding agency's credit services department.

Refer to the NOFA and Guide files for additional application information.

Match Notes:

There are no stated matching requirements for this program; however, in instances where the project receives funds from another targeted federal program that has income targeting requirements that are the same as, or more restrictive than, the targeting requirements through this program, applicants must certify that compliance with the criteria of the federal program meets the criteria for this program, and include documentation of the alternative targeting requirements in the application.

Funding Notes:

An unspecified amount of funding is available to support funding advances through this program. Applicants are eligible to receive up to the lesser of:

• The applicant's additional borrowing capacity
• $100 million in combined annual program approvals (advances and letters of credit)
• The unused portion of the $1.25 billion aggregate revolving loan fund that is used to support this program, as well as the funding agency's Economic Development Program (EDP), known in eCivis Grants Network as US15831

Advances are priced daily and are limited to the funding agency's cost of funds, adjusted for reasonable administrative costs. Advances are made on a secured basis only, subject to the normal underwriting and collateral policies of the funding agency.

Applicants may secure a program rate on the following fixed-rate, mortgage-related advances:

• Balloon payment advance
• Regular fixed-rate advance
• Callable advance
• Select payment mortgage matched advance
• Constant monthly payment advance
• Regular mortgage matched advance

In general, a term of at least one year is required; however, exceptions will be evaluated on an individual basis, subject to the funding agency's discretion.

Applicants may also apply for a discounted standby letter of credit (SLC) or a direct pay letter of credit (DPLC). In such instances, the fee on the SLC is reduced from $100 plus 15.0 basis points (bps) on the amount requested to $50 plus 10.0 bps on the amount requested. On a DPLC, the fees are reduced from $250 plus 37.5 bps on the amount requested to $100 plus 20.0 bps on the amount requested.

Funds will be disbursed into the award recipient's demand deposit account with the funding agency, and must be drawn, or the program rate locked, within 12 months of approval.