This annual report describes FHFA's accomplishments, as well as challenges, the agency faced in meeting the strategic goals and objectives during the past fiscal year.
Read about the agency’s 2022 examinations of Fannie Mac, Freddie Mac and the Home Loan Bank System.
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As conservator, FHFA is focused on ensuring that each Enterprise builds capital and improves its safety and soundness.
1.
Operate the business in a safe and sound manner.
2.
Promote sustainable and equitable access to affordable housing.
2023 Scorecard
FHFA experts provide reliable data, including all states, about activity in the U.S. mortgage market through its House Price Index, Refinance Report, Foreclosure Prevention Report, and Performance Report.
Source: FHFA
FHFA economists and policy experts provide reliable research and policy analysis about critical topics impacting the nation’s housing finance sector. Meet the experts...
Glossaries
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During the recent economic downturn, lower income families experienced significant losses of personal wealth at the same time that the nation’s supply of affordable housing units decreased. Despite the challenging times, the Federal Home Loan Banks (Banks), through their affordable housing and community development programs, continued to serve lower income households.
In 2012, the Banks awarded $245 million under the Affordable Housing Program’s (AHP) competitive application and set-aside programs, assisting over 29,500 lower income households. The Banks also funded approximately $2.2 billion in Community Investment Program (CIP) advances and $1.3 billion under the Community Investment Cash Advance (CICA) program. At the end of 2012, 131 depository Community Development Financial Institutions (CDFIs) and 12 non-depository CDFIs were Bank members.
The Banks, in partnership with their communities, have a long history of using their programs to leverage private and public financing for housing and community development. From 1990 through 2012, the Banks awarded more than $4.1 billion in subsidies under the AHP for the purchase, construction, or rehabilitation of more than 689,000 affordable housing units. The Banks also funded $55 billion in CIP advances over this period, and from 2000 to 2012 the Banks funded $14 billion in community investments through the CICA program.
This report is prepared for delivery to the Banks’ Advisory Councils, who advise the Banks on community and affordable housing programs. FHFA is required to annually inform the Advisory Councils on the Banks’ activities in affordable housing and community development.
