FHFA Issues Correction, Extends Comment Period for Proposed FHLB Rule

The Federal Housing Finance Agency said it would extend the comment period for the Agency’s proposed rule to amend the Federal Home Loan Banks’ Affordable Housing Program by 30 days, to June 12.   

FHFA also sent amended language to the Federal Register to correct a calculation in the proposed rule which prevented AHP funds awarded to the Homeownership Set-Aside Program from being counted toward fulfillment of a proposed regulatory outcome requirement.  

Link to Proposed Rule (published March 14): https://www.fhfa.gov/SupervisionRegulation/Rules/Pages/Affordable-Housing-Program-Amendments-NPR.aspx.  

Link to Extension and Correction to Proposed Rule (text as sent to Federal Register): https://www.fhfa.gov/SupervisionRegulation/Rules/Pages/Affordable-Housing-Program-Amendments-Correction-and-extension-of-comment-period.aspx.