The Federal Housing Finance Board wants to improve oversight of its Affordable Housing Program and help get more bang for the buck while streamlining the grant process. According to the FHFB, the proposed changes would remove “overly prescriptive requirements, clarify certain operational requirements, and otherwise streamline and reorganize” the existing regulation. “In the early years of the AHP, Finance Board regulations governing the program reflected a very prescriptive approach, which was appropriate for rules implementing…