FHFA seeks public input on FHLB's mission, aiming for increased affordable housing goals and higher income allocation.
The Federal Housing Finance Agency (FHFA) has requested public feedback on the Federal Home Loan Bank (FHLB) system's mission, aiming to better reflect their role in housing finance. FHFA Director Sandra Thompson expressed a desire for more aggressive affordable housing goals and a higher percentage of net income allocated towards them. The FHLBanks, legally required to contribute at least 10% of their income to the Affordable Housing Program, voluntarily agreed to contribute 15% in 2023.
May 16, 2024
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