Last year, the Federal Home Loan Banks supported $8.4 billion in lending in areas with constrained credit availability and enabled their members to offer longer-term, more affordable financing options to households and communities, the Federal Housing Finance Agency said in its annual report on FHLB mission activities.
The FHLBs have a statutory mission to support mortgage lending and community investment, which they advanced through the Affordable Housing Program, the Community Investment Program (CIP) and other voluntary programs, FHFA said in its report. In 2025, the FHLBs funded $8.4 billion through CIP and the Community Investment Cash Advance programs to support 889 projects.
Other FHLB mission activities in 2025 include:
- Affordable Housing Program General Fund awards helped finance the development and preservation of 25,800 affordable rental units, while the Homeownership Fund assisted 16,000 income-eligible homebuyers with down payment and closing cost needs.
- $361 million in voluntary grants and subsidized advances to support over 3,000 organizations, including CDFIs, tribes, Tribally Designated Housing Entities, state housing finance agencies, public housing agencies and small businesses. The investments created or preserved more than 5,900 jobs and benefited approximately 1,600 households.
- $187.8 million in voluntary down payment and closing cost assistance to over 7,700 households.
- $93 million in mortgage rate buydowns, assisting over 6,600 households.
- $22 million to help over 2,300 households with emergency repairs, accessibility upgrades and disaster resiliency improvements.
- $16.4 million in disaster relief and recovery, supporting over 800 affected households and over 100 businesses with emergency repairs, relocation assistance and working capital.
