November 01, 2024
•
1 min read
Coalition Calls on Congress to Expand Federal Home Loan Banks' Affordable Housing Program Contributions
Over sixty national and local organizations signed on to a letter urging Congressional action to to require that Federal Home Loan Banks (FHLBs) devote at least 30 percent of their annual net income to support housing and community development, including no less than 20 percent on Affordable Housing Program (AHP) contributions. Given FHLBs strong financial performance, expanding their support of affordable housing and community development is practical and necessary, ensuring they remain aligned with their mission while addressing the housing crisis. Legislative action to increase these contributions would help boost our nation’s housing supply and meet critical community economic development needs.
Our Subject Matter Experts
scornelissen@consumerfed.org
Areas of Expertise
Related Articles
September 16, 2026
/ Press Releases
CFA and the Coalition for FHLBank Reform Endorse Rep. Maxine Waters' Bill to Increase Affordable Housing Funding
September 16, 2026
/ Fact Sheets
How Congress Can Unlock $600 Million More Every Year for Affordable Housing
September 09, 2026
/ Blogs
Revising Myths about the Federal Home Loan Banks: A Close Look at Two Recent Studies on the Links Between Advance Lending and Housing Activity