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Community Lending Program

Helping members finance housing and economic development projects with very competitive loan rates

FHLBank Pittsburgh’s Community Lending Program (CLP) is a $1 billion noncompetitive, revolving pool of funds that can be used by member financial institutions to fund bridge, construction and permanent loans to support a variety of housing and economic development projects.
CLP benefits to FHLBank members:

  • Offers financing at FHLBank Pittsburgh’s cost of funds (typically 15-25 bps below comparable advance rates)
  • Provides for match funding which mitigates interest rate risk and allows members to offer long-term, fixed rate loans
  • Enhances community relationships, creating the possibility for future new business
  • Generates more lending opportunities that potentially qualify for CRA credit

Program Resources:

CLP Fact Sheet

One-page overview of CLP

CLP Basic Webinar

High-level webinar overview of CLP

CLP Qualifiers Guide

Guide to identify qualified lending activity

CLP Examples Flyer

Examples of how CLP benefits communities

CLP funds can be used to refinance a portfolio of existing, qualified loans OR to provide financing for individually qualified community projects, including:

  • Projects located in a low-to-moderate income areas based on census tract
  • Homeownership and rental housing projects targeting low-to-moderate income residents, up to 115% of the area median income
  • Small business finance based on SBA size standards
  • Projects employing or serving a low-to-moderate income population
  • Projects located in a federal- or state-designated zone or community

For a complete guide to CLP eligibility qualifications, please refer to the CLP Qualifiers Guide.

To apply for CLP, follow the below steps:

  • Member participates in qualified lending activity and determines need for CLP financing, either before or up to 90 days after closing
  • Member submits CLP application, plus supporting worksheet if necessary, for one of the following uses:
    • Specific Project: Single qualified lending activity
    • Portfolio Loan: A portfolio of loans originated by the member and submitted as one CLP application
  • CID approves CLP applications within 10 business days of completion
  • With approval, members can draw down the CLP advance amount in the same way it would with a regular advance

There is no deadline for submitting CLP funding applications, but CLP funds must be drawn down within 90 days of loan origination.
For more information, please contact Kate Swanson at 800-288-3400, ext. 7350, or

Application Resources:

CLP Application

Application for CLP funding

Small Business Portfolio Worksheet

Supplemental form for small business loan portfolios

Homeownership Portfolio Worksheet

Supplemental form for owner-occupied housing loan portfolio

Job Creation/Retention Worksheet

Supplemental application form for individual businesses

Rental Worksheet

Supplemental application form for rental housing

Targeted Community Revitalization Spreadsheet

Supplemental application form for community revitalization



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