Federal Home Loan Bank Membership for Community Development Financial Institutions
FHLBank Membership for Community Development Financial Institutions
FOR FURTHER INFORMATION CONTACT: Sylvia Martinez, Senior Policy Analyst/Advisor, (202) 408-2825, sylvia.martinez@fhfa.gov; Amy Bogdon, Senior Advisor, (202) 408-2546, amy.bogdon@fhfa.gov, Division of Federal Home Loan Bank Regulation; Deattra Perkins, Community Development Specialist, (202) 408-2527, deattra.perkins@fhfa.gov, Division of Housing Mission and Goals. For legal questions contact Sharon B. Like, Associate General Counsel, (202) 414-8950, sharon.like@fhfa.gov. You can send regular mail to the Federal Housing Finance Agency, Fourth Floor, 1700 G Street, NW., Washington DC 20552. 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 Additionally, the TDD 1-(800) number referenced in Rulemaking documents attached to this page is obsolete and the 7-1-1 number should be used.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: Pursuant to the requirements of the Federal Home Loan Bank Act (Bank Act), as amended by section 1206 of the Housing and Economic Recovery Act of 2008 (HERA), the Federal Housing Finance Agency (FHFA) proposes to amend its membership regulations to authorize non-federally insured, CDFI Fund-certified community development financial institutions (CDFIs) to become members of a Federal Home Loan Bank (Bank). The newly eligible CDFIs include community development loan funds, venture capital funds and statechartered credit unions without federal insurance. This notice of proposed rulemaking sets out the eligibility and procedural requirements for CDFIs that wish to become members of a Bank.
DATES: FHFA will accept written comments on this proposed rule on or before July 14, 2009.
Public Comments
Below are a compilation of public comments made on this publication.
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