Skip Navigation
  • About the Program
  • How to Apply
  • Nonmembers
  • Resources

Community Investment Program

Supporting Housing with Low-Cost Advances

Program Overview

Households earning between 80 and 115 percent of area median income are often caught in a funding gap — earning too much to qualify for an affordable housing grant, but not enough to afford market-rate housing.

Our Community Investment Program (CIP) helps to fill that gap — providing FHLB Dallas members with favorably priced advances (loans) to support affordable housing for homeowners and renters earning up to 115 percent of their area’s median income.

CIP advances can be used to finance land acquisition, construction or rehabilitation of owner-occupied and rental housing. They can also be used to purchase low-income housing tax credits.

Note: CIP funds may only be accessed through a member institution. FHLB Dallas does not provide advances directly to consumers.

Our Impact


CIP Advances in 2023


CIP Advances in 2023


Housing Units in 2023

Benefits for Your Financial Institution

Differentiate your institution by offering favorably priced funding to benefit households earning up to 115 percent of their area’s median income.

Increase your support of affordable housing by using CIP advances to invest in low-income housing tax credits. 

Grow your customer and community relationships by financing more single- and multifamily housing in your community.


Tell Us Your Story

We'd love to hear from you! Tell us if you've been a recipient of funds from an FHLB Dallas program.

To apply for a CIP advance, members must complete a written application.

Simply download and complete the Community Investment Program Guidelines and Application.

Completed applications and supporting documentation may submitted:

Program Requirements

CIP advances must be used for housing-related loans that meet the following criteria:

  • Household incomes for single units of owner-occupied housing projects must have household incomes at or below 115 percent of the area’s median income.
  • Multiple units of owner-occupied housing such as a subdivision, condominium or new neighborhood development, and rental projects must have at least 51 percent of household incomes at or below 115 percent of area median income.
  • CIP advances must be used to finance loans that have closed within the past three months or will originate within the next three months from the date of the commitment.


CIP advances are noncompetitive and available to qualifying member institutions throughout the year. In addition:

  • CIP advances can be fixed rate or floating rate, amortizing or non-amortizing.
  • Terms range from three months to 30 years; for rental housing developments, the amortization term may extend up to 40 years.
  • The term of a CIP advance may not exceed the term of any financing that the FHLB Dallas member makes to the project.
  • If FHLB Dallas determines that the CIP advance was improperly used, it may be converted to a comparable market interest rate.

FHLB Dallas members using CIP must comply with the FHLB Dallas Member Products and Credit Policy.

FHLB Dallas provides Community Investment Program (CIP) advances through its financial institution members. Homeowners, business owners or representatives of community-based organizations seeking CIP advances must contact a member financial institution to apply for funds. Funds may only be accessed through a member institution. FHLB Dallas does not provide funds directly to consumers.

Please note that in addition to the approved uses and program requirements listed below, members have their own underwriting criteria and lending areas.

The materials below provide more detailed information regarding CIP advances and tools to help you apply.