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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.

 
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
Timetable:
Action Date FR Cite
NPRM  06/00/2024 
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