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FHFA | RIN: 2590-AB35 | Publication ID: Fall 2023 |
Title: ●Federal Home Loan Bank Affordable Housing Program –- Owner-Occupied Subsidy Repayment Requirements | |
Abstract:
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. |
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Agency: Federal Housing Finance Agency(FHFA) | Priority: Other Significant |
RIN Status: First time published in the Unified Agenda | Agenda Stage of Rulemaking: Proposed Rule Stage |
Major: Undetermined | Unfunded Mandates: No |
CFR Citation: 12 CFR 1291 | |
Legal Authority: 12 U.S.C. 1430(j) |
Legal Deadline:
None |
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Timetable:
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Regulatory Flexibility Analysis Required: No | Government Levels Affected: None |
Small Entities Affected: No | Federalism: No |
Included in the Regulatory Plan: No | |
RIN Information URL: www.fhfa.gov; www.regulations.gov | Public Comment URL: www.fhfa.gov; www.regulations.gov |
RIN Data Printed in the FR: No | |
Agency Contact: Ted Wartell Associate Director, Office of Housing and Community Investment, DHMG Federal Housing Finance Agency 400 Seventh Street SW, Washington, DC 20219 Phone:202 649-3157 Email: ted.wartell@fhfa.gov |