NCSHA Comments to FHFA on Application Process for Federal Home Loan Banks’ Affordable Housing Programs
On August 19, 2024, NCSHA submitted the attached letter in response to the Federal Housing Finance Agency’s (FHFA) Request for Input on potential changes to the application process for the Federal Home Loan Banks’ (FHLBs) Affordable Housing Programs (AHP). The letter recommends that each FHLB consult with HFAs and other bank members when setting the timeline and other policies for its AHP application process so as to maximize the potential for AHP fund to be used in conjunction with financing from the Housing Credit and other federal and state housing programs.
