Lending Enhancement Advance Program

May 12, 2025, update: Thanks to members’ strong participation in the Lending Enhancement Advance Program (LEAP), the full $4.9 million in this year’s allocation has been depleted.

FHLBank Topeka appreciates working with so many members on this new voluntary program and hopes to hear more about how the targeted lending made possible with the help of LEAP will support their communities.

The Lending Enhancement Advance Program (LEAP) opens Monday, May 12, 2025. Supported by FHLBank Topeka's voluntary funding, LEAP allows members to borrow at below regular advance interest rates to support targeted types of lending.

At least $4.9 million will be offered through LEAP. Each member is limited to $300,000 in LEAP discounts. LEAP will be offered on a first-come, first-served basis.

Eligible Uses

Eight targeted types of lending activity can qualify for LEAP discounts.

• Nonprofit mortgage originator loan purchases
• Rural development
• Small business lending
• Targeted agricultural lending
• Community Development Financial Institution (CDFI) lending
• CDFI match-funding
• Native American Tribal lending
• Infrastructure financing

Options

LEAP advances are available for one- to five-year regular fixed rate advances of $10,000 or more. Members choose the term and the rate. Each member has up to $300,000 available in subsidy (subject to program availability). 

Members can pick the amount of overall discount from four different basis point reductions – 50, 100, 150 or 200 bps. If a member has multiple projects and would like to maximize the allocated amount, they can select a lower reduction.

A few notes: Advances cannot exceed the unpaid principal balance of eligible loans for the eligible activity. All advances are subject to FHLBank’s standard early payoff fee.

Questions

Contact our Lending Desk at FHLB.Lending@fhlbtopeka.com or 800.809.2733 with your questions.