To amend the Federal Home Loan Bank Act to expand the purposes of advances and collateral available to community development financial institutions.

Small Business and Community Investments Expansion Act of 2017 This bill amends the Federal Home Loan Bank Act to authorize a Federal Home Loan Bank to make a long-term secured advance for the purpose of providing funds to a community development financial institution. Additionally, the bill expands eligible collateral, in the case of a community development financial institution, to include secured loans or securities representing a whole interest in secured loans.