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Affordable Housing Program Amendments

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

11/28/2018
Number
RIN-2590-AA83
Group
FHL 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 Additionally, the TDD 1-(800) number referenced in Rulemaking documents attached to this page is obsolete and the 7-1-1 number should be used.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
FHFA and FHLB of Des Moines Attached is a Summary of the Conference Call of the Federal Housing Fi…View Comment
Email: N/A
Attachment: View Attachment
N/A See attached FHFA Conference Call with FHLBanks of Cincinnati, Des Moi…View Comment
Email: N/A
Attachment: View Attachment
FHFA and FHLBank Des Moines See attached Conference Call Summary with FHLBank Des Moines re Proxie…View Comment
Email: N/A
Attachment: View Attachment
N/A See attached FHFA Conference Call with FHLBanks of Cincinnati, Des Moi…View Comment
Email: N/A
Attachment: View Attachment
FHFA Conference Call Summary with the Federal Home Loan Bank of New York (July 19, 2018) See attached FHFA Conference Call Summary with FHLBNY (July 19, 2018).View Comment
Email: N/A
Attachment: View Attachment
Senator Cory A. Booker N/A See attached.View Comment Email: N/A
Attachment: N/A
FHFA Conference Call Summary with CIOs on Project Selection (July 12, 2018) Attached is the July 12, 2018, FHFA Conference Call Summary with CIOs…View Comment
Email: N/A
Attachment: View Attachment
Jeffrey Macy Affordable Housing Committee of the Board of Directors of the Federal Home Loan Bank of Indianapolis Please see attached comment letter from the Federal Home Loan Bank of…View Comment
Email: jmacy@fhlbi.com
Attachment: View Attachment
Walter Crouch Appalachia Service Project Please refer to attached letter.View Comment Email: walter.crouch@asphome.org
Attachment: View Attachment
Laura Sandmann KeyBank, National Association Please see KeyBank's comments and recommendations in the attached lett…View Comment
Email: Laura_L_Sandmann@KeyBank.com
Attachment: View Attachment
Anas Ben Addi Delaware State Housing Authority See attached letterView Comment Email: Anas@destatehousing.com
Attachment: View Attachment
Kevin Christiansen Oregon Bankers Association Attached, please find the Oregon Bankers Association comment letter re…View Comment
Email: kchristiansen@oregonbankers.com
Attachment: View Attachment
Stephen K. Benjamin Mayor of Columbia, South Carolina See Attached.View Comment Email: N/A
Attachment: View Attachment
Chris Monforton Habitat for Humanity of the Mississippi Gulf Coast Thank you for the opportunity to provide the attached comments on the…View Comment
Email: cmonforton@hfhmgc.org
Attachment: View Attachment
Gustave Seelig Vermont Housing and Conservation Board June 12, 2018 Alfred Pollard, General Counsel Federal Housing Finance…View Comment
Email: gus@vhcb.org
Attachment: N/A
Hal Keller National Assn. of State and Local Equity Funds These comments are submitted by Hal Keller on behalf of the National A…View Comment
Email: robertmrozen@gmail.com
Attachment: View Attachment
Loni Willey Women's Institute Please see attachedView Comment Email: N/A
Attachment: View Attachment
Claudia Brierre FHLB-Topeka Affordable Housing Advisory Council Comment letter attached from FHLBank Topeka Affordable Housing Advisor…View Comment
Email: cbrierre@incog.org
Attachment: View Attachment
Tim Pierce South Plains Association of Governments Submitting comments on behalf of the South Plains Association of Gover…View Comment
Email: tpierce@spag.org
Attachment: View Attachment
Julia Gordon National Community Stabilization Trust Please see attached letter.View Comment Email: jgordon@stabilizationtrust.org
Attachment: View Attachment
Natalia Guzman Banco Popular See attached.View Comment Email: natalia.guzman@popular.com
Attachment: View Attachment
Peter Hainley Community & Shelter Assistance Corp. See attached.View Comment Email: N/A
Attachment: View Attachment
Matt Hull Texas Association of Community Development Corps. See attached.View Comment Email: matt@tacdc.org
Attachment: View Attachment
Colleen Dudley Habitat for Humanity of Tennessee In the state of Tennessee, Habitat for Humanity chapters have been abl…View Comment
Email: colldudley@bellsouth.net
Attachment: View Attachment
FHLBank New York Federal Home Loan Bank of New York See attached FHLBank NY Comment LetterView Comment Email: N/A
Attachment: View Attachment