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Affordable Housing Program Amendments

Open Date:
Open for comment 3/14/2018
Deadline:
All comments are due by 6/12/2018
Type:
Notice of Proposed Rulemaking
Number:
RIN-2590-AA83
Group:
 
FHLBanks
Document Number:
2018-04745
CFR:
12 CFR Parts 1290 and 1291
CFR Description:
COMMUNITY SUPPORT REQUIREMENTS; FEDERAL HOME LOAN BANKS’ AFFORDABLE HOUSING PROGRAM
Federal Register Publish Date:
View Document:
/SupervisionRegulation/Rules/RuleDocuments/AHP 2018 NPR TO FR web ver.pdf|647.74 KB;
Contact Information:

FOR FURTHER INFORMATION CONTACT:  Ted Wartell, Manager, Office of Housing and Community Investment, 202-649-3157, ted.wartell@fhfa.gov; Marcea Barringer, Senior Policy Analyst, Office of Housing and Community Investment, 202-649-3275, marcea.barringer@fhfa.gov; Marshall Adam Pecsek, Senior Counsel, Office of General Counsel, 202-649-3380, marshall.pecsek@fhfa.gov; or Sharon Like, Managing Associate General Counsel, Office of General Counsel, 202-649-3057, sharon.like@fhfa.gov.  These are not toll-free numbers.  The mailing address is: Federal Housing Finance Agency, 400 Seventh Street SW., Washington, D.C. 20219.  The telephone number for the Telecommunications Device for the Hearing Impaired is (800) 877-8339.

Related Documents:
/SupervisionRegulation/Rules/RuleDocuments/83 FR 19188 5-2-18 2018-09326.pdf|212.55 KB;

There are currently no related dockets for the selected rule.

SUMMARY:  The Federal Housing Finance Agency (FHFA) is issuing notice and providing an opportunity for the public to comment on proposed amendments to its regulation on the Federal Home Loan Banks' (Banks) Affordable Housing Program (AHP or Program).  The proposed amendments would provide the Banks additional authority to allocate their AHP funds; authorize the Banks to establish special competitive funds that target specific affordable housing needs in their districts; provide the Banks authority to design and implement their own project selection scoring criteria, subject to meeting certain FHFA-prescribed outcome requirements; remove the requirement for retention agreements for owner-occupied units; further align the project monitoring requirements with those of other federal government funding programs; clarify the provisions on remediating AHP noncompliance; clarify certain operational requirements; and streamline and reorganize the regulation. 

DATES:  Written comments must be received on or before June 12, 2018 (now extended 30 days from May 14, 2018).

For more information, see the Affordable Housing and Community Investment page.

Submit a Comment
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Privacy Act Notice

This notice is provided pursuant to the Privacy Act of 1974 (Privacy Act), as amended, 5 U.S.C. 552a. The collection of information is to process and/or respond to your complaint, appeal, inquiry, request for information, to review and post comments on proposed rules/regulations, to review feedback received on FHFA proposed or implemented initiatives, and to compile a list of potential vendors and contractors. The records are used in accordance with Systems of Records Notices (SORN), FHFA-3 Correspondence Tracking System, FHFA-20 Telecommunications System, and FHFA-22 Online Forms. You can view these SORNs by clicking here and here and here . Although providing this information is voluntary, failure to provide the requested information may result in your complaint, appeal, inquiry, request, comment, or feedback not being processed and may make it more difficult for FHFA to respond to you.

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