CIP means town Funding Program, an advance system around CICA expected to be provided pursuant so you can point 10(i) of your own Bank Work (several You.S.C. 1430(i)).

Area Funding Payday loan otherwise CICA function any progress generated thanks to a course given by a financial less than part ten of your Lender Work (a dozen U.S.C. 1430) and you may parts 1291 and you may 1292 on the chapter to provide financial support getting directed community financing and you may affordable houses, and additionally improves produced significantly less than good Bank’s Rural Development Funding (RDF) system, provided less than section 10(j)(10) of the Lender Work (a dozen You.S.C. 1430(j)(10)); an excellent Bank’s Metropolitan Development Capital (UDF) system, provided not as much as area 10(j)(10) of the Bank Operate (a dozen You.S.C. 1430(j)(10)); a good Bank’s Sensible Casing System (AHP), offered below point 10(j) of the Lender Operate (12 You.S.C. 1430(j)); a beneficial Bank’s Community Financing Program (CIP), provided significantly less than area ten(i) of Bank Act (twelve U.S.C. 1430(i)); or other system given by a bank that meets the fresh requirements out of region 1292 associated with the part.