NCSHA Comments on FHFA Proposed Rule on FHLB Governance
On February 3, 2025, NCSHA submitted comments on a Federal Housing Finance Agency proposed rule to revise regulations addressing boards of directors and overall corporate governance of the Federal Home Loan Banks (FHLBs). NCSHA expressed its overall support for the proposed rule, particularly its proposal to require the FHLBs look to include board members with experience and expertise in several emerging areas impacting the housing market. NCSHA asked that FHFA also mandate the banks look to appoint directors with experience working with state housing finance agencies and familiarity with the federal and state housing programs they administer.
