2590-AB35 202310 The Regulatory Plan and the Unified Agenda of Federal Regulatory and Deregulatory Actions 2590 Federal Housing Finance Agency FHFA Federal Home Loan Bank Affordable Housing Program –- Owner-Occupied Subsidy Repayment Requirements

The Federal Home Loan Bank Act requires that each Federal Home Loan Bank establish an Affordable Housing Program (AHP) to subsidize the purchase, rehabilitation and construction of affordable rental and owner-occupied housing.  12 U.S.C. 1430(j). The implementing regulation requires that owners of owner-occupied, AHP-assisted units agree to repay a portion of the AHP subsidy if they sell or refinance the unit during the five-year retention period, pursuant to a calculation established in the regulation. The rule would propose amending this calculation.

]]> Other Significant First Time Published in The Unified Agenda Proposed Rule Stage Undetermined No 12 CFR 1291 12 U.S.C. 1430(j) No NPRM 06/00/2024 No No None No No www.fhfa.gov; www.regulations.gov www.fhfa.gov; www.regulations.gov No No Ted Wartell Associate Director, Office of Housing and Community Investment, DHMG 2590 Federal Housing Finance Agency FHFA 202 649-3157 ted.wartell@fhfa.gov 400 Seventh Street SW, Washington DC 20219