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Home » Store » News » More Set-Asides Sought for Affordable Housing Program

More Set-Asides Sought for Affordable Housing Program

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The Federal Housing Finance Board has proposed to increase the amount of funds that may be set aside by each of the 12 Federal Home Loan Banks annually to assist members’ affordable mortgage lending programs. Under a proposed regulation change to boost home lending to low- and moderate-income individuals, the board would increase contributions to homeownership set-aside programs to $3 million, or 25 percent of the FHLBank’s required annual contributions to the FHLBank system’s affordable
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