Applicants must be members of the Federal Home Loan Bank and must meet the Bank’s normal credit criteria if requesting an advance.

To provide a continuous, favorably priced source of funds to assist Federal Home Loan Bank of Topeka members in their efforts to rehabilitate, redevelop, and revitalize communities they serve for the benefit of persons below 115 percent of area median income. Priorities are as follows:

• Permanent loans for rental or owner-occupied housing for households at or below 115 percent of area median income and for the elderly.

• Revitalization for communities and neighborhoods including home improvement and rehabilitation or construction loans for owner-occupants or renters.

• Participation in local, state or federal housing programs, such as mortgage credit certificates for first-time home buyers.

• Weatherization or energy conservation housing-related projects.

• Commercial development in low- and moderate-income neighborhoods or economically distressed rural areas.

Source of Linked Funding.

Funding: Unlimited. Special advances priced at five basis points over cost. Maturity is up to 15 years. Current rates available-Contact Community Investment Officer. Prepayment fee is equal to present value of cash flow lost to bank due to principal repayment. Prepayment restricted on maturities exceeding 10 years. Commitments are available.

Noelle St. Clair, Community Investment Specialist
(785) 233-0507 Ext. 566

or

Christopher Imming, Community Investment Officer & Vice President
Federal Home Loan Bank of Topeka
P. O. Box 176
Topeka, KS 66601
(785) 233-0507 Ext. 565
Fax: (785) 234-1797
E-Mail: comminvl@fhlbtopeka.com