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FHFA RIN: 2590-AB37 Publication ID: Spring 2024 
Title: Federal Home Loan Bank Affordable Housing Program Regulation Amendments 
Abstract:

The Federal Home Loan Bank Act requires each Federal Home Loan Bank to 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). FHFA plans to amend the AHP regulation to streamline certain requirements and expand access to AHP programs. Revisions may include updating AHP regulatory provisions for revolving loan funds, updating the AHP application process, assessing options for AMI flexibility in high-cost areas, increasing per household homeownership set-aside grants in high-cost areas, and revising certain project compliance and monitoring requirements to increase programmatic efficiency.

 
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 1291   
Legal Authority: 12 U.S.C. 1430(j)    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