Criteria To be eligible for equity grants, projects must contribute to local housing and commercial revitalization efforts. Recipients may be required to meet other criteria, such as bringing property up to code standards or selling or renting property at specified rates. Uses Equity grants strengthen collateral and improve project cash flow.
Uses vary among grantors, programs, and projects.
Structure Equity grants are often used with other enhancements. Grants are usually negotiated with the grantor. Federal Home Loan Banks make grants or loans to member institutions, which then make funds available to borrowers for projects. Eligibility Lenders must be members of the Federal Home Loan Bank. Projects must support the priorities of the Federal Home Loan Bank.