FHFA Seeks Comments on Proposed Amendments to FHLBanks AHP
The Federal Housing Finance Agency (FHFA) today invited comments on proposed amendments to its regulation on the Federal Home Loan Banks (FHLBanks) Affordable Housing Program (AHP). The amendments would authorize the FHLBanks to redesign their project selection systems and create special targeted funds. FHFA says the amendments would reduce regulatory requirements that are redundant with other federal programs and make the program easier to use. Comments on the proposed rule may be submitted via FHFA.gov or by mail. FHFA will host a webinar at 2 p.m. EDT March 27 to explain the proposed rule.