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Affordable Housing & Community Development

​Federal Home Loan Bank System


In December 2010, FHFA published a final rule establishing housing goals for the Federal Home Loan Banks (FHLBanks) in the Federal Register. The housing goals measure the extent that acquired member assets programs of the FHLBanks a​re serving low- and very low-income families and families residing in low-income areas.

The housing goals for the FHLBanks are modeled on with the single-family housing goals for Fannie Mae and Freddie Mac (according to the statutory intent of the Housing and Economic Recovery Act of 2008) but they take into account the unique characteristics of the FHLBanks.  In addition, the Federal Home Loan Bank Act required each of the Federal Home Loan Banks to establish an Affordable Housing Program, and they have done so.

Housing Goals

The FHLBanks purchase loans from their members under the acquired member assets program, a whole loan mortgage purchase program.

The FHLBanks’ housing goals performance is based on single-family whole loans purchased through their acquired member assets programs. In 2017, all of the 11 FHLBanks purchased whole loans through those programs.

The Programs

Affordable Housing Program

From 1990, when the AHP was authorized, through 2017, the FHLBanks have awarded approximately $5.8 billion in funding, supporting approximately 865,000 housing units. On November 20, 2018 FHFA issued a final rule amending its regulation on the FHLBanks' Affordable Housing Program.

Community Investment Program

In 2017, the FHLBanks issued approximately $4.6 billion in Community Investment Program advances for housing projects and almost $97.0 million for economic development projects.

Community Investment Cash Advance Program

In 2017, the FHLBanks issued approximately $3.8 billion in Community Investment Cash Advance advances for such projects as commercial, industrial, manufacturing, social services, and public facilities.

Read more about the Federal Home Loan Banks' affordable housing activities.​

Fannie Mae & Freddie Mac


The Federal Housing Enterprises Financial Safety and Soundness Act of 1992, as amended by the Housing and Economic Recovery Act of 2008, requires the setting of annual housing goals for Fannie Mae and Freddie Mac and the monitoring of performance in achieving these goals. FHFA sets and monitors the performance on meeting the established goals.

Housing Goals for 2018 - 2020

On February 6, 2018, FHFA published a final rule establishing 2018-2020 housing goals for Fannie Mae and Freddie Mac. (See 2/6/2018 news release.)

"The Size of the Affordable Mortgage Market:  2018 - 2020 Enterprise Single-Family Housing Goals" details the methodology used to estimate the market size for the Enterprise single-family housing goals (updated 1/25/2018).

FHFA proposed Enterprise Housing Goals for 2018 - 2020 on June 29, 2017.  Comments on the rule were due by September 5, 2017. (See 6/29/2017 news release.)

Read more about Fannie Mae's and Freddie Mac's affordable housing goals.

Page last updated December 14, 2018

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