Construction Line of Credit

Federal Home Loan Bank of Cincinnati

CONSTRUCTION LINE OF CREDIT

Overview

The Construction Line of Credit can be used to facilitate lending for construction projects that meet CIP or EDP criteria. Commitment terms range from 90 days to 24 months. The initial interest rate will be locked for a minimum of six months from the commitment date. All standard advance credit and collateral requirements apply.

Rate Structure

Rural (at or below 115 percent of the area median income): fixed rate for first six months at the Community Investment Program (CIP) or the Economic Development Program (EDP) advance rate.
Urban (at or below 100 percent of the area median income): fixed rate for first six months at the CIP or EDP advance rate.
Other (at or below 80 percent of the area median income): fixed rate for entire term of commitment, at 0.50 percent below the six-month CIP or EDP advance rate in effect at date of commitment.

Program Requirements

The member will be required to provide certification documents to the Federal Home Loan Bank 30 days post-handing.

CONTACT INFORMATION
The Bank's Community Investment Department provides creative ideas, assistance, and applications for Housing & Economic Development Programs.

To learn more about these programs, contact the Community Investment Department at 888-345-2246 or visit www.fhlbcin.com.

FEDERAL HOME LOAN BANK OF CINCINNATI
221 East 4th Street
1000 Atrium Two
Cinncinati, Ohio 45202
888-345-2246