The Future of AHP
Thank you to members, trade associations, and community partners for commenting on the Federal Housing Finance Agency's (FHFA) proposed amendments to the Affordable Housing Program (AHP) regulation. We greatly appreciate those who made their voices heard on a regulation so critical to our members and their communities. Over 400 comment letters were submitted, including those from the Federal Home Loan Bank (FHLBank) System, Federal Home Loan Bank of Chicago (FHLBank Chicago), and FHLBank Chicago's Community Investment Advisory Council.
Read the comment letters on the FHFA's website.
The comment letters submitted include:
- FHLBank System letter submitted June 1, 2018
- FHLBank System letter proposing an alternative scoring methodology submitted June 11, 2018
- FHLBank Chicago letter submitted June 12, 2018
- FHLBank Chicago Advisory Council letter submitted June 12, 2018
On March 14, 2018, the FHFA released its Notice of Proposed Rulemaking to amend the AHP regulation. The proposed amendments will affect how the FHLBank Chicago's competitive AHP and homeownership products (Downpayment Plus® and Downpayment Plus Advantage®) are used.
For over 25 years, the AHP has successfully helped FHLBank members and their partners develop housing in the communities they serve. The amendments aim to position AHP for the future; they include potential improvements to AHP, but they also create some potential challenges.
The information below details the impact of the outcomes framework and other challenges in the amendments. This is also summarized in our webinar presentation.
Questions? Contact Community Investment at 312-565-5824 or firstname.lastname@example.org.