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Community Investment Program (CIP)

Community Investment Program (CIP) funds support the targeted mortgage lending programs and community economic development activities of our member financial institutions.
 
CIP provides members with lower-cost funding for a variety of uses, including first-time homebuyer programs, small business loans, community and economic development loans, and affordable housing. CIP is designed to support our members' efforts to undertake community-oriented mortgage lending and economic development in the communities they serve.
 
CIP advances are used to:

  • Finance specific home purchase or rehabilitation projects by or for individuals or families earning up to 115% of the area median income (AMI).
  • Finance specific commercial and economic development lending activities, including non-residential mortgage loans and business loans, that benefit individuals or families earning up to 80% of the AMI or that are located in neighborhoods in which 51% or more of the households earn no more than 80% of the AMI.
More Information
 
Participation in the CIP requires compliance with all Community Investment Cash Advance (CICA) policies, regulations, obligations, and procedures. If the Bank determines that a participating member has not complied with the qualifying terms of the program or has not provided acceptable documentation to verify compliance, the Bank may change the interest rate on each outstanding CIP advance, retroactive to its funding date, to the rate in effect on the funding date for a comparable advance under the Bank’s regular credit programs. The Bank monitors all CIP advances, including at time of application and post-completion to ensure that the CIP funds are used appropriately.
© 2000-2012 Federal Home Loan Bank of San Francisco
Federal Home Loan Bank of San Francisco

Community Investment Program (CIP)

Community Investment Program (CIP) funds support the targeted mortgage lending programs and community economic development activities of our member financial institutions.
 
CIP provides members with lower-cost funding for a variety of uses, including first-time homebuyer programs, small business loans, community and economic development loans, and affordable housing. CIP is designed to support our members' efforts to undertake community-oriented mortgage lending and economic development in the communities they serve.
 
CIP advances are used to:

More Information
 
Participation in the CIP requires compliance with all Community Investment Cash Advance (CICA) policies, regulations, obligations, and procedures. If the Bank determines that a participating member has not complied with the qualifying terms of the program or has not provided acceptable documentation to verify compliance, the Bank may change the interest rate on each outstanding CIP advance, retroactive to its funding date, to the rate in effect on the funding date for a comparable advance under the Bank’s regular credit programs. The Bank monitors all CIP advances, including at time of application and post-completion to ensure that the CIP funds are used appropriately.


© 2000-2012 Federal Home Loan Bank of San Francisco