Community Support Program
Each calendar quarter, FHLBank members that have been selected for a community support review by the Federal Housing Finance Agency (FHFA) are published in the Federal Register. These members must complete and submit a Community Support Statement (CSS) to the FHFA. Members subject to the Community Reinvestment Act (CRA) must meet both the CRA standard and the first-time homebuyer standard. Members with a CRA rating of "outstanding" or "satisfactory" will meet the CRA standard. Members, including credit unions, and insurance companies, not subject to CRA, must meet only the first-time homebuyer standard. Any member that does not meet a required standard is restricted from access to the Bank's long-term advances and participating in any of the FHLBanks’ Community Investment and Cash Advance (CICA) programs until that member is able to meet the standards.
Members under review must complete and submit their CSS to:
Federal Housing Finance Agency
Office of Supervision
Attention: Rona M. Richardson
400 7th Street, SW
Washington, D.C. 20024
Phone: 202-649-3224
Fax: 202-649-4123
Email: hmgcommunitysupportprogram@FHFA.gov
For additional information about the Community Support Program, or to find out how to receive notice of members currently under review, please contact the individual FHLBanks. Interested individuals or organizations may also submit comments on members under review to the FHFA. In reviewing a member for compliance with these requirements, the FHFA shall take into consideration any public comments it has received concerning the member.
Click on the following links to obtain additional information about Community Support Programs
|