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:

Background Information

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.

Read the proposed rule (and the notice of extension and correction) in its entirety or view a summary of the proposal. 

The information below details the impact of the outcomes framework and other challenges in the amendments. This is also summarized in our webinar presentation.

Concerns and Recommendations

Impact of an Outcomes-Based Framework
Thresholds for Targeted Populations
Constraints of Targeted Community Lending Plan Requirements
Homeownership Retention Agreement Changes
Sponsor and Development Team Capacity Evaluation


Questions? Contact Community Investment at 312-565-5824 or ci@fhlbc.com.