Community Housing Program
Terms
Limitations
Members must comply with FHLBank’s lending procedures as identified in the Credit Guidelines section of the Member Products and Services Guide. CHP advances cannot be used to finance any direct activity of the member or an affiliate of the member. Members are precluded from using CHP advances for their own benefit. The minimum amount of a CHP advance is $10,000.
Rate
CHP advances are priced at FHLBank’s cost of issuing consolidated obligations of comparable maturities, including concession costs, plus a reasonable allowance for administrative costs. Callable, amortizing and adjustable rate CHP advances are priced in a similar manner using market interest rates applicable to FHLBank obligations of comparable maturities and call features. CHP advance rate pricing must be applied on the date the advance is issued.
If FHLBank determines that a member is not complying with the terms, conditions or regulations of the CHP, the interest rates on the outstanding CHP advances may be changed to the comparable market rates that were in effect at the time of the original funding. Members will be given the opportunity to appeal such determinations before FHLBank implements any rate adjustment.
Term
CHP advances are available in maturities from four months to 30 years.
Prepayment Option
The normal prepayment fee will apply to CHP advances. For details, refer to the specific advance program.
Collateral
CHP advances must be fully collateralized at the date of issuance and at all times thereafter. Please refer to the Collateral Guidelines section of the Member Products and Services Guide.
Availability
Members should allow 48 hours for processing a CHP application. Provided an approved CHP application is on file, CHP advances may be requested until 4 p.m. CT.
Failure on the part of a member to supply any requested documentation may result in the member being restricted from access to FHLBank's Housing and Community Development programs.
Questions? Housing and Community Development Department, phone: 866.571.8155, email: HCDCSP@fhlbtopeka.com.
Required Documents
Members should allow 48 hours for processing a CHP application. Provided an approved CHP application is on file, CHP advances may be requested until 4 p.m. CT.
Failure on the part of a member to supply any requested documentation may result in the member being restricted from access to FHLBank's Housing and Community Development programs.
Questions? Housing and Community Development Department, phone: 866.571.8155, email: HCDCSP@fhlbtopeka.com.
Proofpoint
FHLBank Topeka utilizes Proofpoint to ensure the secure electronic transfer of personally identifiable information (PII) to FHLBank.
Sign up for a Proofpoint account to begin transferring all CHP applications and accompanying documentation.
You must sign up for an account before transferring documents.
Download the complete Proofpoint User Guide here.
**Please note: You must verify your Proofpoint account within 30 minutes after receiving the verification email or you will be required to register again.
You may utilize the Proofpoint button below to register for a Proofpoint account. Once you have registered, the Proofpoint button below can be used to access Proofpoint to securely transfer all CHP documents.
Please email all CHP documents to HCDCSP@fhlbtopeka.com through Proofpoint. If you have any issues using Proofpoint, contact HCD at 866.571.8155 between 8 a.m. and 5 p.m. Monday through Friday.
