Economic Development Program (EDP)

Federal Home Loan Bank of Cincinnati



The EDP offers at-cost advances to members that provide loans for economic and commercial development projects benefiting or located in targeted-income communities.

Use of Funds

EDP advances may be used for a variety of purposes, including construction, small business funding, water/wastewater infrastructure financing, historic preservation, public works projects or capital improvement. Funds may also be used to purchase participations in EDP-related projects.

Program Requirements

All Federal Home Loan Bank members may apply for an EDP advance. A transaction verification form is required and must be submitted by the member institution 30 days post-funding. Eligible projects or small businesses (as defined by the Small Business Association) must meet at least one of the following qualifications:

1. Targeted Income: Project is located in a neighborhood in which the majority of households have incomes at or below the qualifying percent of the AMI:

  • Urban area (population greater than 25,000) in which the average family income is at or below 100 percent of the AMI;
  • Rural area (population less than 25,000) in which the average family income is at or below 115 percent of the AMI;

2. Targeted Services: Services provided from the finished protect will benefit at least 51 percent of households with incomes at or below the qualifying percent of the AMI.

3. Qualified Wages: At least 51 percent of project employees have incomes at or below 80 percent of AMI.

4. Additionally, projects located in any of the following designated areas automatically qualify for EDP advances:

  • Champion Community
  • Enterprise Community
  • Empowerment Zone
  • Native American Indian area
  • Community impacted by NAFTA
  • Area eligible for a federal Brownfield Tax Credit
  • Designated Federal and/or State Disaster Area
  • Area impacted by a military base closing
  • Community under the Community Adjustment and Investment Program

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

Community Investment Department
221 East 4th Street
1000 Atrium Two
Cinncinati, Ohio 45202