Community Advance Products
You can support housing and development in your community with below-market pricing and terms up to 30 years with our Community Advance Products, which include the Community Development Program and Community Housing Program. Watch for more soon about an easier way to apply for CAP.
Resources
Community Development Program
The CDP helps you finance commercial, small business and other economic development loans at below market rates and various terms.
FHLBank Topeka’s Community Development Program (CDP) is a special advance program authorized by the Federal Housing Finance Agency's (FHFA) Community Investment Cash Advance regulations. The CDP provides wholesale loans (advances) priced below FHLBank’s regular advance rates to help members finance qualifying commercial loans, farm loans and community and economic development initiatives in the areas they serve. This favorable pricing, coupled with the availability of funds in terms of four months to 30 years, helps lenders extend long-term, fixed rate credit for community development. Comparable funding for owner-occupied and rental housing is available through FHLBank’s Community Housing Program (CHP) advances.
- Regular fixed rate advances
- Callable advances
- Amortizing fixed rate advances
- Adjustable rate advances
- Agricultural loans for operating, equipment, breeding stock, real estate or refinancing;
- Commercial and small business loans for real estate, equipment, rolling stock, or refinancing;
- Community loans for infrastructure, public facilities, or equipment;
- Nonprofit lending for churches, schools, daycares and museums; and
- Purchase of a participation interest in or actually participating in a loan consortium for CDP-eligible projects.
CDP Terms and Conditions
Limitations
Members must comply with FHLBank’s lending procedures as identified in the Credit Guidelines section of the Member Products and Services Guide. CDP advances cannot be used to finance any direct activity of the member or an affiliate of the member. Members are precluded from using CDP advances for their own benefit. The minimum amount of a CDP advance is $10,000.
Rate
CDP advances are priced at FHLBank’s cost of issuing consolidated obligations of comparable maturities, including concession costs, plus a reasonable allowance for administrative costs. Callable, amortizing and adjustable rate CDP advances are priced in a similar manner using market interest rates applicable to FHLBank obligations of comparable maturities and call features. CDP advance rate pricing must be applied on the date the advance is issued.
If FHLBank determines that a member is not complying with the terms, conditions or regulations of the CDP, the interest rates on the outstanding CDP advances may be changed to the comparable market rates that were in effect at the time of the original funding. Members will be given the opportunity to appeal such determinations before FHLBank implements any rate adjustment.
Term
CDP advances are available in maturities from four months to 30 years.
Prepayment Option
The normal prepayment fee will apply to CDP advances. For details, refer to the specific advance program.
Collateral
CDP advances must be fully collateralized on the date of issuance and at all times thereafter. Please refer to the Collateral Guidelines section of the Member Products and Services Guide.
CDP Availability
Members should allow 48 hours for processing a CDP application. Provided an approved CDP application is on file, CDP advances may be requested until 4 p.m. CT.
Failure on the part of a member to supply any requested documentation may result in the member being restricted from access to FHLBank's Housing and Community Development programs.
Questions? Housing and Community Development Department, ph: 866.571.8155, e-mail HCDCSP@fhlbtopeka.com.
Community Housing Program
The CHP helps you finance owner-occupied and rental housing in your community at below market rates and various terms.
FHLBank Topeka's Community Housing Program (CHP) is a special advance program authorized by the Federal Housing Finance Agency’s (FHFA) Community Investment Cash Advance (CICA) regulations. The CHP provides wholesale loans (advances) priced below FHLBank’s regular advance rates to help finance owner-occupied and rental housing in their communities. This favorable pricing, coupled with the availability of funds in terms of four months to 30 years, helps lenders extend long-term, fixed rate credit for housing. Comparable funding for community and economic development loans is available through FHLBank's Community Development Program (CDP) advances.
- Regular fixed rate advances
- Callable advances
- Amortizing fixed rate advances
- Adjustable rate advances
- Single-family home loans
- One-to-four family rental properties
- Multifamily rental projects
CHP Terms and Conditions
Limitations
Members must comply with FHLBank’s lending procedures as identified in the Credit Guidelines section of the Member Products and Services Guide. CHP advances cannot be used to finance any direct activity of the member or an affiliate of the member. Members are precluded from using CHP advances for their own benefit. The minimum amount of a CHP advance is $10,000.
Rate
CHP advances are priced at FHLBank’s cost of issuing consolidated obligations of comparable maturities, including concession costs, plus a reasonable allowance for administrative costs. Callable, amortizing and adjustable rate CHP advances are priced in a similar manner using market interest rates applicable to FHLBank obligations of comparable maturities and call features. CHP advance rate pricing must be applied on the date the advance is issued.
If FHLBank determines that a member is not complying with the terms, conditions or regulations of the CHP, the interest rates on the outstanding CHP advances may be changed to the comparable market rates that were in effect at the time of the original funding. Members will be given the opportunity to appeal such determinations before FHLBank implements any rate adjustment.
Term
CHP advances are available in maturities from four months to 30 years.
Prepayment Option
The normal prepayment fee will apply to CHP advances. For details, refer to the specific advance program.
Collateral
CHP advances must be fully collateralized at the date of issuance and at all times thereafter. Please refer to the Collateral Guidelines section of the Member Products and Services Guide.
CHP Availability
Members should allow 48 hours for processing a CHP application. Provided an approved CHP application is on file, CHP advances may be requested until 4 p.m. CT.
Failure on the part of a member to supply any requested documentation may result in the member being restricted from access to FHLBank's Housing and Community Development programs.
Questions? Housing and Community Development Department, phone: 866.571.8155, email: HCDCSP@fhlbtopeka.com.
Advances
A suite of fast and flexible products
Letters of Credit
The simple way to secure public unit deposits
MPF Program
Your competitive secondary market option
Native American Housing Initiatives Grants Program
Voluntary Grant Program
Affordable Housing Program
Grants to build communities
TurnKey
Down payment assistance products
Safekeeping
Easy to use with expert security
Deposits
An array of deposit services for business
