The Seattle Bank supports affordable housing and economic development initiatives
through a number of community investment programs. Our Affordable Housing Program
(AHP) and Home$tart Program, which are funded with 10 percent of the bank’s annual
net income, provide direct subsidy for affordable housing. Our Community Investment
Program (CIP) and Economic Development Fund (EDF) are discounted loan programs that
are available on a continuous basis.
All funding is distributed through our member financial institutions, which work
with their community partners to put these dollars to work to meet a wide range of
community needs, including: the acquisition, rehabilitation, and development of
affordable rental and owner-occupied housing; the financing of commercial, industrial,
manufacturing, social service, public facility, or public and private infrastructure
projects; and the provision of highly-rated Standby Letters of Credit.