The Community Investment Cash Advances program (CICA) offers discounted advances and standby letters of credit to fund affordable housing development for low- and moderate-income households and to help develop and revitalize communities. CICA advances and standby letters of credit are priced at the FHLBC's cost of funds. As a result, the member and its customer may realize an interest rate savings that lowers the overall cost of the transaction.
Applications for a CICA advance or letter of credit may be submitted at any time. The FHLBC's standard advance requirements regarding capital stock, collateral, and payment of fees apply.
Click below to learn more about these products.
| 
Grant Programs
