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Publication Details
Type
Proposed Rulemaking
Document Number
2018-04745
Federal Register Publish Date
03/14/2018
Comment Open Date
03/14/2018
Comment End Date
06/12/2018
Comment Status
Closed
Rulemaking Details
Rulemaking

Affordable Housing Program Amendments

Date
11/28/2018
Number
RIN-2590-AA83
Group
Federal Home Loan Banks
CFR
12 CFR Parts 1290 and 1291
CFR Description
COMMUNITY SUPPORT REQUIREMENTS; FEDERAL HOME LOAN BANKS’ AFFORDABLE HOUSING PROGRAM;
Effective Date

Affordable Housing Program Amendments

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. If you are deaf, hard of hearing, or have a speech disability, please dial 7-1-1 to access telecommunications relay services. Additionally, the TDD 1-(800) number referenced in Rulemaking documents attached to this page is obsolete and the 7-1-1 number should be used.

Summary

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.

Public Comments people-icon

Below are a compilation of public comments made on this publication.

416 items
Date Sort ascending First Name Last Name Organization Comment
04/25/18 Adam Blake County Corp
Our community relies on the Affordable Housing Program for the creatio…
Email: ablake@countycorp.com
Attachment: N/A
04/25/18 Kim Clarkson Fortera Federal Credit Union
We request more time to review. 60 days is not sufficient for review…
Email: kclarkson@forteracu.com
Attachment: N/A
04/25/18 Angela Hersh Liberty National Bank
The proposed rule does not allow for enough time for agencies to be pr…
Email: ahersh@MyLiberty.bank
Attachment: N/A
04/25/18 Ryan Landi Testa Companies
I request that the comment period be extended by at least 30 days to a…
Email: ryanlandi@testacompanies.com
Attachment: N/A
04/25/18 Sarah Bates Creative Compassion, Inc.
I am asking for at least a 30 day extension on these proposed changes…
Email: sarahbates@volfirst.net
Attachment: N/A
04/25/18 Sean Beismann MVAH Development
On behalf of our organization, I would like to respectfully request th…
Email: sean.beismann@mvg.com
Attachment: N/A
04/25/18 Ralph Kline Ralph Kline
I would request that the comment period for this change be extended so…
Email: rkline@ilcao.org
Attachment: N/A
04/25/18 Cynthia Picone a.m. RODRIGUEZ ASSOCIATES, inc.
Given the magnitude of the changes proposed and the complicated nature…
Email: c.picone@cmshousing.com
Attachment: N/A
04/25/18 Christie Slaughter Habitat for Humanity Williamson-Maury
Please extend the "Comment Period" by at least 30 days. The impact th…
Email: cslaughter@hfhwm.org
Attachment: N/A
04/25/18 Sarah Housewright Somerville Bank
Please extend the comment period by at least 30 days to allow housing…
Email: shousewright@snbhomeloans.com
Attachment: N/A
04/25/18 Landen Burcham The Housing Partnership, Inc.
I would like to request that the Comment Period be extended by at leas…
Email: lburcham@wearehpi.org
Attachment: N/A
04/25/18 David Rowe CAMBA/CAMBA Housing Ventures
Please see the attached letter requesting a 30-day extension to the co…
Email: davidr@camba.org
Attachment: View Attachment
04/25/18 Jackie Mayo Knox Housing Partnership, Inc dba HomeSource east
Please extend the comment period for at least an additional 30 days to…
Email: jmayo@homesourcetn.org
Attachment: N/A
04/25/18 Don Alexander Alexander & Hale Development
1. I feel like this the process is occurring very quickly. I would lik…
Email: dalexander@ahdevelopment.net
Attachment: N/A
04/25/18 Jan Day Center for Accessible Living
Please consider keeping the comment period open for the purposed amend…
Email: janday@calky.org
Attachment: N/A
04/25/18 Paul Holm Rebuilding Together Northeast Ohio
Please extend the public comment period by 30-60 days to a maximum of…
Email: paul.holm@rebuildingtogetherneo.org
Attachment: N/A
04/25/18 Jeff Curry JL Gray Company
Dear Mr. Pollard: As a member of the Federal Home Loan Bank of Dallas…
Email: jeff@jlgray.com
Attachment: N/A
04/25/18 Stacey Clemens First Federal Bank of the Midwest
Please consider a 30-day extension of the comment period to allow thou…
Email: sclemens@first-fed.com
Attachment: N/A
04/25/18 Wayne Meyer New Jersey Community Capital
Good Day: Kindly refer to the uploaded letter for our comments. Thank…
Email: wmeyer@njclf.com
Attachment: View Attachment
04/25/18 Christopher Osborn HomeSource east tennessee
In response to the 41 questions: Question 18: The advantage of limiti…
Email: cosborn@homesourcetn.org
Attachment: N/A
04/25/18 Amy Rosenthal National Church Residences
We understand FHFA’s “Comment Period” deadline is May 14, 2018. Given…
Email: arosenthal@nationalchurchresidences.org
Attachment: N/A
04/24/18 Micah Gursky Tamaqua Area Community Partnership
Please extend the comment period an additional 30 days to June 14th or…
Email: micah@tacp.info
Attachment: N/A
04/24/18 Micah Gursky Tamaqua Area Community Partnership
See attached comments.
Email: micah@tacp.info
Attachment: View Attachment
04/24/18 Colin D. McKnight Rural Housing Coalition
See attached.
Email: N/A
Attachment: View Attachment
04/24/18 Danny Herron Habitat for Humanity of Greater Nashville
We are requesting an additional 30 days be added to the comment period…
Email: dherron@habitatnashville.org
Attachment: N/A
04/24/18 Samantha Walker N/A
Please grant an exception to the Proposed Rule to allow more time to r…
Email: N/A
Attachment: N/A
04/24/18 nora lichtash Women's Community Revitalization Project
April 24, 2018 Subm…
Email: nlichtash@wcrpphila.com
Attachment: View Attachment
04/24/18 Kevin Gilmore Sussex County Habitat for Humanity
Please see attached letter. Thank you for your consideration.
Email: kevin@sussexcountyhabitat.org
Attachment: View Attachment
04/24/18 David Levy Affordable Housing Management, Inc.
Please see attached letter.
Email: dlevy@ahmi.org
Attachment: View Attachment
04/24/18 Sherry Trent Eastern Eight CDC
Please allow more time to review and make comments. This could have a…
Email: strent@e8cdc.org
Attachment: N/A
04/23/18 Virginia Lewis VLB CONSULTANTS, INC.
see attachment
Email: vlblewis@suddenlink.net
Attachment: View Attachment
04/23/18 Francis Vargas N/A
Please see attached letter
Email: N/A
Attachment: View Attachment
04/23/18 Blake Jumper The Housing Company
See attached comments. Thank you.
Email: blakej@ihfa.org
Attachment: View Attachment
04/23/18 Carolyn O'Doherty Innovative Housing
We have a number of comments on the proposed changes to the AHP progra…
Email: codoherty@innovativehousinginc.com
Attachment: N/A
04/23/18 Wilma Kelley Beattyville Housing and Development Corp.
The 60-day comment period is too short. We respectfully request an ext…
Email: beattyvillewk@att.net
Attachment: N/A
04/23/18 Phil Steinhaus Columbia Housing Authority
I have significant concerns about the proposed changes to the AHP scor…
Email: psteinhaus@columbiaha.com
Attachment: N/A
04/23/18 Michelle (Chellie) Hamecs National Association of Home Builders
Attached, please find NAHB's letter requesting a 30-day extension to t…
Email: N/A
Attachment: View Attachment
04/23/18 Andy Howell The Eleven Federal Home Loan Banks
See attached
Email: N/A
Attachment: View Attachment
04/20/18 Cassie Hudson Partnership Housing, Inc.
This is a large document to thoroughly review. Suggestions of extendi…
Email: cassie.hudson@ymail.com
Attachment: N/A
04/20/18 Dave Kreher People's Self-Help Housing, Inc.
I am also requesting a 30 day extension in order to review and adequat…
Email: davepshh@windstream.net
Attachment: N/A
04/20/18 Jeremy Rounds N/A
I have worked with the Federal Home Loan Bank of Des Moines for 17 yea…
Email: rounds@sicog.com
Attachment: N/A
04/20/18 Christopher Blair Community Development Trust
See attached.
Email: N/A
Attachment: View Attachment
04/20/18 John Mifsud Next Step Housing
I do not believe it is either strategic or beneficial for FHFA to not…
Email: john@nextstephousing.com
Attachment: N/A
04/20/18 Christopher Osborn HomeSource east tennessee
Please consider providing more time to review the proposed changes.…
Email: cosborn@homesourcetn.org
Attachment: N/A
04/20/18 Syed Mohammad Raza George Mason University
Upon reviewing the ‘Affordable Housing Program Amendments’, it has com…
Email: sraza11@masonlive.gmu.edu
Attachment: N/A
04/19/18 Greg Smith Oberer Companies
We request that the FHA provide additional time to review the changes…
Email: gsmith@oberer.com
Attachment: N/A
04/19/18 Staci Berger Housing & Community Development Network of NJ
Please see the attached file for comments requesting an extension of t…
Email: sberger@hcdnnj.org
Attachment: View Attachment
04/19/18 Terry Chiglo Rushford State Bank
The proposed rule will impose unnecessary administrative burdens on sm…
Email: tchiglorsb@goacentek.net
Attachment: N/A
04/19/18 John von Seggern Council of Federal Home Loan Banks
See attached.
Email: N/A
Attachment: View Attachment
04/19/18 Steven Gladman Affordable Housing Trust for Columbus and Franklin
I strongly urge the extension of the comment period by a minimum of 30…
Email: steven@hztrust.org
Attachment: N/A