Economic Development Program

While economic development helps build strong, prosperous communities, it can be challenging for developers and financial institutions to obtain competitively priced loans that are necessary to fund this growth. Our Economic Development Program (EDP) helps support economic development in communities by providing access to advances that are priced 10 basis points below regular advance rates.

EDP allows members to offer competitive loan products to support projects that benefit low- to moderate-income communities. The extra discount means a better margin and less interest-rate risk for members, as well as more accessible funds for developers.

Members also can use EDP advances to fund a broad range of business loans, including commercial, industrial, manufacturing, social service, and public-facility projects and activities. They can also be used for public or private infrastructure projects, such as roads, utilities, and sewers.