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Washington, D.C. – To help underserved borrowers, the Federal Housing Finance Agency (FHFA) today sent to the Federal Register for publication a final rule on the Federal Home Loan Banks’ (FHLBanks) Housing Goals. The new goals take effect in 2021 and enforcement of the rule will be phased in over three years.
“By creating housing goal targets that are achievable for the Federal Home Loan Banks, the final rule helps ensure they make meaningful contributions to affordable homeownership,” said Director Mark Calabria. “This rule will expand responsible homeownership opportunities for underserved communities across the country.”
The final rule amends the FHLBanks’ housing goals to:
By creating housing goal targets that are achievable for the FHLBanks, the final rule helps ensure the FHLBanks make meaningful contributions to affordable homeownership.
Link to FHLBanks Housing Goals Rule
Link to FHLBanks Housing Goals Fact Sheet
Media: Raffi Williams Raffi.Williams@FHFA.gov
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