---
kind: "section"
citation: "12 C.F.R. § 1292.3"
title: "12"
number: "1292.3"
heading: "Purpose."
url: "https://uscodex.org/cfr/12/1292.3"
---

# §1292.3. Purpose.


The purpose of this part is to identify targeted community lending projects that the Banks may support through the establishment of CICA programs under section 10(j)(10) of the Bank Act ([12 U.S.C. 1430(j)(10)](/usc/12/1430.md?p=j-10)). Pursuant to this part, a Bank may offer RDF or UDF programs, or both, for targeted community lending using the targeted beneficiaries or targeted income levels specified in [§ 1292.1](/cfr/12/1292.1.md), without prior FHFA approval. A Bank also may offer other CICA programs for targeted community lending using targeted beneficiaries and targeted income levels other than those specified in [§ 1292.1](/cfr/12/1292.1.md), established by the Bank with the prior approval of FHFA. In addition, a Bank shall offer CICA programs under section 10(i) of the Bank Act ([12 U.S.C. 1430(i)](/usc/12/1430.md?p=i)) (Community Investment Program (CIP)) and section 10(j) of the Bank Act ([12 U.S.C. 1430(j)](/usc/12/1430.md?p=j)) (AHP). A Bank may provide advances or grants under its CICA programs except for CIP programs, under which a Bank may only provide advances.


## Notes

### Authority

Authority: 12 U.S.C. 1430, 4511(b)(2).

### Source

Source: 78 FR 2328, Jan. 11, 2013, unless otherwise noted.