Community Development Advance Terms of Funding

Each member can disburse up to $15 million in CDA Extra and up to $35 million in CDA* during a calendar year. CDA Extra and CDA limits and approvals will be managed based on the following calculation:

CDA Limit Less:

  • Any unexpired approvals with an available-for-disbursement balance greater than $0
  • CDA Extra disbursements during current calendar year
  • ​The total amount requested of any submitted (unapproved) CDA Extra application(s)

Available Products and Maturities

The CDA program is available through the following fixed-rated advances: Classic Advance, Member-Option Advance, and Amortizing Advance.

Reporting Requirements

Applications approved under the CDA program are subject to reporting requirements. You can provide documentation supporting program eligibility at the time of application or after disbursement. Documentation is subject to review and confirmation of compliance by FHLBank Boston.

Data provided after disbursement must be for loans originated no more than 90 days prior to the date CDA Extra/CDA funds were disbursed and up to the date of report submission.**

CDA

Read about the features of this advance product.

CDA Extra

Get more details about this advance product.

female advisory council member speaking to two men as they are standing near a table

Advisory Council

Leading professionals in housing and community development guide us to support New England's housing and community lending needs. 

Meet the Council

A smiling married couple sits on a sofa in the new home they purchased with the help of funding from an FHLBank Boston homebuyer assistance program.

Advisory Council Report

Explore how our members tapped our affordable housing, down-payment assistance, and job-creation programs to enhance the communities they serve. 

Read More

two men standing in front of an old mill building that was redeveloped

Creating a Vibrant Business Center

A bank in western Massachusetts used the CDA to help a local real estate developer tranform a vacant mill.

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*At any time, FHLBank Boston may further limit the total amount of CDA program advances available or limit the amount of CDA program advances available per member.

**Loans submitted with an origination date after the report submission date will not be considered for reporting eligibility.