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The Federal Home Loan Bank of Seattle supports affordable housing and economic development initiatives in Alaska, Hawaii, Idaho, Montana, Oregon, Utah, Washington, Wyoming, American Samoa, Guam, and the Northern Mariana Islands through the following bank-sponsored programs.
The AFFORDABLE HOUSING PROGRAM (AHP) provides grants to help member financial institutions support affordable housing, both rental and homeownership, for families and individuals earning up to 80 percent of their community's median income.
CHALLENGE FUND is a revolving fund that provides grants to member financial institutions for predevelopment expenses associated with affordable housing. A grant must be repaid if a project is successful.
The COMMUNITY INVESTMENT PROGRAM (CIP) provides member financial institutions with reduced-rate, long-term advances to fund affordable housing for households earning up to 115 percent of their area's median income, or economic development initiatives that benefit households with annual incomes of up to 100 percent of their area's median income in urban areas and 115 percent of their area's median income in rural areas.
The ECONOMIC DEVELOPMENT FUND (EDF) is a companion program to the CIP and provides financial institutions with reduced-rate, long-term advances to fund loans that support commercial, industrial, manufacturing, social service, public facility, or public infrastructure projects.
HOME$TART PROGRAM grants are used by member financial institutions to match the funds of first-time homebuyers earning up to 80 percent of their area's median income. The HOME$TART PLUS PROGRAM is open to first-time homebuyers receiving public housing assistance, including tribally designated housing authorities.
For more information about our community investment products and how they can help you meet your business objectives:
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