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Federal Housing Finance Board Proposes Rule to Amend Regulations of AHP

Thursday, December 27, 2001 - 8:00AM

The Federal Housing Finance Board in today’s Federal Register published a proposed rule that would amend the regulation of its Affordable Housing Program (AHP) to improve its operation and effectiveness. The proposed changes include allowing the Federal Home Loan Banks (FHLBs) to award scoring points to projects applying for AHP subsidy which use federal government properties and allowing FHLBs additional time after completion of a rental project to review the documentation relating to project compliance. The Finance Board will accept written comments on the proposed rule through February 25.

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