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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 Additionally, the TDD 1-(800) number referenced in Rulemaking documents attached to this page is obsolete and the 7-1-1 number should be used.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
Beverly Smith CDFI Coalition Comments/RIN 2590-AA83View Comment Email: beverly@rapoza.org
Attachment: View Attachment
Arne Hammarlund People's United Bank See attached documentView Comment Email: arne.hammarlund@peoples.com
Attachment: View Attachment
Jim Knipple Northwest Bank Please consider the attached comment letter.View Comment Email: jim.knipple@northwest.com
Attachment: View Attachment
Victoria Goldsmith Habitat for Humanity of Cape Cod, Inc. For years Habitat for Humanity of Cape Cod has enjoyed a successful an…View Comment
Email: vg@habitatcapecod.org
Attachment: View Attachment
Kirsten Johnson-Obey NeighborWorks America See Upload Comment letter from NeighborWorks AmericaView Comment Email: kjohnson-obey@nw.org
Attachment: View Attachment
Carolyn Read Habitat for Humanity North Central Massachusetts, Please see attached letter with my comments on the proposed changesView Comment Email: carolyn@ncmhabitat.org
Attachment: View Attachment
John Niederman Pathfinder Services, Inc. The attached letter details Pathfinder Services, Inc. comments regardi…View Comment
Email: jniederm@pathfinderservices.org
Attachment: View Attachment
Sean Beismann MVAH Development LLC see attachedView Comment Email: N/A
Attachment: View Attachment
Noel Halvorsen NeighborWorks Green Bay We support AHP focus on down payment assistance programs. The success…View Comment
Email: noel@nwgreenbay.org
Attachment: N/A
Danny Herron Habitat for Humanity of Greater Nashville Please see attached letter providing comments on proposed changes to A…View Comment
Email: dherron@habitatnashville.org
Attachment: View Attachment
Michael Mason Affordable Housing Logistics LLC Please see attached letter. June 12, 2018 Alfred M. Pollard, General C…View Comment
Email: mike.mason@affordablehousinglogistics.com
Attachment: View Attachment
Hiram Brown Urban Housing Solutions See attached letter.View Comment Email: hiram@urbanhousingsolutions.org
Attachment: View Attachment
Matt Rayburn Indiana Housing and Community Development Authority See attached.View Comment Email: N/A
Attachment: View Attachment
Mary Patoka CAP Services, Inc./Community Assets for People See my attached commentsView Comment Email: mpatoka@capmail.org
Attachment: View Attachment
Chris Venne Community Frameworks Please see attached fileView Comment Email: chrisv@communityframeworks.org
Attachment: View Attachment
Mark Gould 1st Source Bank See attached comment letter.View Comment Email: gouldm@1stsource.com
Attachment: View Attachment
Amy Anderson PATH Ventures Thank you for this opportunity to provide feedback on the proposed ame…View Comment
Email: amya@pathventures.org
Attachment: View Attachment
Ernie Hogan Pittsburgh Community Reinvestment Group See attached PDF for full comment letter.View Comment Email: kschlesinger@pcrg.org
Attachment: View Attachment
FHLBSF Board of Directors Federal Home Loan Bank of San Francisco, Board of Directors Please see attached.View Comment Email: N/A
Attachment: View Attachment
Cullen Ryan Community Housing of Maine June 8, 2018 Director Melvin L. Watt Federal Housing Finance Agency Co…View Comment
Email: vickey@chomhousing.org
Attachment: View Attachment
James Logue Cinnaire Please see attached.View Comment Email: jlogue@cinnaire.com
Attachment: View Attachment
Mark Kudlowitz Local Initiatives Support Corporation Please see attached fileView Comment Email: mkudlowitz@lisc.org
Attachment: View Attachment
Matt Schwartzq California Housing Partnership Corporation We are strongly opposed to proposed changes that effectively increase…View Comment
Email: mschwartz@chpc.net
Attachment: View Attachment
Lou Tisler National NeighborWorks Association Thank you for the opportunity to submit comments.View Comment Email: ltisler@nnwa.us
Attachment: View Attachment
David Schroeder Community Bankers Association of Illinois Please find attached the comment letter from the Community Bankers Ass…View Comment
Email: N/A
Attachment: View Attachment