Housing Assistance: An Inventory of Fiscal Year 2010 Programs, Tax Expenditures, and Other Activities

U.S. Government Accountability Office

Community Investment Program

Administering Agency/Entity Federal Home Loan Banks
Short Description Provides funding through the Federal Home Loan Banks in the form of advances with a discounted interest rate to members involved in lending for community and economic development. The funds are available to finance home purchases by families whose income does not exceed moderate-income levels, for purchase or rehabilitation of housing for occupancy by families whose income does not exceed moderate-income levels, or for commercial and economic development activities that benefit low- and moderate-income families or neighborhoods.
Primary Purpose Supports housing and other activities
Type of Housing Supported Both
Type of Assistance Loan
Fiscal Year 2010 Obligations None; the Community Investment Program is not included in the federal budget.

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