NCSHA Comment Letter on FHFA Review of Federal Home Loan Banks
On October 31, 2022, NCSHA submitted comments to the Federal Housing Finance Agency (FHFA) as part of FHFA’s recently announced comprehensive review of the Federal Home Loan Banks (FHLBs). Reflecting feedback from HFAs, including those who work closely with their FHLB, NCSHA asked FHFA to maintain the FHLB system’s regional structure, which helps to ensure that the FHLBs better address the nation’s diverse housing needs. NCSHA also urged FHFA to consider ways the FHLBs can better pair their affordable housing activities with important federal, state, and local government programs, particularly those administered by HFAs, and to recommend to Congress that each FHLB’s contribution level for their Affordable Housing Programs be increased from 10 to 15 percent.
