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FHFA RIN: 2590-AB36 Publication ID: Spring 2024 
Title: Federal Home Loan Bank Community Investment Cash Advance Programs 
Abstract:

The Federal Home Loan Bank Act requires that each Federal Home Loan Bank establish a Community Investment Program (CIP) for community-oriented mortgage lending (12 U.S.C. 1430(i)), and authorizes the Federal Home Loan Banks to establish other community investment cash advance (CICA) programs (12 U.S.C. 1430(j)(10)). The CICA regulation, 12 CFR part 1292, implements the CIP mandate and establishes parameters for the other CICA programs, under which a Federal Home Loan Bank may provide long-term advances and grants for economic development projects that benefit certain targeted beneficiaries. The rule would propose streamlining and reorganizing the CICA regulation to facilitate ease of use by the Federal Home Loan Banks and their members and housing associates. It would also update the requirements - including but not limited to the CICA-eligible identified targeted beneficiaries - to better reflect current market conditions and economic development programs and assist beneficiaries in need of targeted community lending. 

 
Agency: Federal Housing Finance Agency(FHFA)  Priority: Other Significant 
RIN Status: Previously published in the Unified Agenda Agenda Stage of Rulemaking: Long-Term Actions 
Major: Undetermined  Unfunded Mandates: No 
CFR Citation: 12 CFR 1292   
Legal Authority: 12 U.S.C. 1430    12 U.S.C. 4511(b)(2)   
Legal Deadline:  None
Timetable:
Action Date FR Cite
NPRM  To Be Determined 
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

Carey Whitehead
Assistant General Counsel
Federal Housing Finance Agency
400 Seventh Street SW,
Washington, DC 20219
Phone:202 649-3630
Email: carey.whitehead@fhfa.gov