Deadline to Comment on AHP Regulations Extended to June 12

The Federal Housing Finance Agency (FHFA) has extended the deadline for commenting on proposed changes to the regulations for the Affordable Housing Program (AHP) administered by the eleven Federal Home Loan Banks (FHLBs). The new deadline is June 12. The extension was provide to correct an error in the calculation of a proposed regulatory outcome requirement in the proposed rule. See Memo, 3/12 for a description of some of the features of the proposed changes to the AHP regulations.

NLIHC will comment in opposition to the proposed reduction in a FHLB’s current minimum 65% contribution to the Competitive Application Program, which primarily addresses affordable rental housing developments, to 50% in a proposed new General Fund. NLIHC will also suggest FHFA reduce from 50% to 20% or 25% the minimum number of units in an AHP-assisted project that would have to be reserved for people with disabilities, homeless people, and other “underserved populations” in order to meet a new, proposed outcome scheme.