United States Government Publishing Office publisher pbl distributor dst United States National Archives and Records Administration Office of the Federal Register author aut Government Organization text government publication eng FR Regulatory Information 2018_register executive 2018-11-27 article Part II Rules and Regulations D09002ee1c7de45f5 D09002ee1c7de465a United States Federal Housing Finance Agency originator org United States Government Agency or Subagency The Federal Housing Finance Agency (FHFA or Agency) is amending its regulation addressing requirements for the Federal Home Loan Banks' (Banks) Affordable Housing Program (AHP or Program). The final rule amends the regulation to: Provide the Banks additional authority to allocate their AHP funds; authorize the Banks to establish separate competitive funds that target specific affordable housing needs in their districts; provide the Banks additional flexibility in designing their project selection scoring systems to address affordable housing needs in their districts; remove the requirement for retention agreements for owner-occupied units where the AHP subsidy is used solely for rehabilitation; provide for a calculation of household subsidy repayment amount that prioritizes return of the household's investment in the housing to the household; reduce administrative burdens related to calculating and obtaining household subsidy repayments based on net proceeds of the sale of a home; further align certain project monitoring requirements with those of other federal government funding programs; clarify the requirements for remediating AHP noncompliance; clarify certain operational requirements; and streamline and reorganize the regulation. 83 FR 61186 https://www.govinfo.gov/app/details/FR-2018-11-28/2018-25635 2018-25635 fr28no18-9 RIN 2590-AA83 8070-01-P https://www.govinfo.gov/app/details/FR-2018-11-28/2018-25635 https://www.govinfo.gov/content/pkg/FR-2018-11-28/html/2018-25635.htm https://www.govinfo.gov/content/pkg/FR-2018-11-28/pdf/2018-25635.pdf Banks and Banking Credit Federal Home Loan Banks Housing Mortgages Reporting and Recordkeeping Requirements Community Development Low- and Moderate-Income Housing 62 p. 61186 61247 83 FR 61186 Title 12 Part 1290 12 CFR Part 1290 Title 12 Part 1291 12 CFR Part 1291 RIN 2590-AA83 Affordable Housing Program Amendments; Federal Register Vol. 83, Issue RULE 2018-25635 II FEDERAL HOUSING FINANCE AGENCY 2018-12-28 8070-01-P 2018-25635 Final rule.

The Federal Housing Finance Agency (FHFA or Agency) is amending its regulation addressing requirements for the Federal Home Loan Banks' (Banks) Affordable Housing Program (AHP or Program). The final rule amends the regulation to: Provide the Banks additional authority to allocate their AHP funds; authorize the Banks to establish separate competitive funds that target specific affordable housing needs in their districts; provide the Banks additional flexibility in designing their project selection scoring systems to address affordable housing needs in their districts; remove the requirement for retention agreements for owner-occupied units where the AHP subsidy is used solely for rehabilitation; provide for a calculation of household subsidy repayment amount that prioritizes return of the household's investment in the housing to the household; reduce administrative burdens related to calculating and obtaining household subsidy repayments based on net proceeds of the sale of a home; further align certain project monitoring requirements with those of other federal government funding programs; clarify the requirements for remediating AHP noncompliance; clarify certain operational requirements; and streamline and reorganize the regulation.

Effective date: This final rule is effective on December 28, 2018. Ted Wartell, Manager, Office of Housing and Community Investment, 202-649-3157, ted.wartell@fhfa.gov; Marcea Barringer, Senior Policy Analyst, Office of Housing and Community Investment, 202-649-3275, marcea.barringer@fhfa.gov; Marshall Adam Pecsek, Senior Counsel, Office of General Counsel, 202-649-3380, marshall.pecsek@fhfa.gov; or Sharon Like, Managing Associate General Counsel, Office of General Counsel, 202-649-3057, sharon.like@fhfa.gov. Banks and Banking Credit Federal Home Loan Banks Housing Mortgages Reporting and Recordkeeping Requirements Community Development Low- and Moderate-Income Housing Affordable Housing Program Amendments , marcea.barringer@fhfa.gov marshall.pecsek@fhfa.gov sharon.like@fhfa.gov ted.wartell@fhfa.gov http://www.jchs.harvard.edu/sites/default/files/Harvard_JCHS_State_of_the_Nations_Housing_2018.pdf http://www.jchs.harvard.edu/sites/jchs.harvard.edu/files/jchs-housing_americas_older_adults_2014-ch4.pdf https://www.fhfa.gov/SupervisionRegulation/Rules/Pages/Comment-List.aspx?RuleID=612 Vol. 83, no. 229 Office of the Federal Register, National Archives and Records Administration 2018-11-28 continuing daily deposited born digital 207 p. Table of Contents: AE 2.7: GS 4.107: AE 2.106: KF70.A2 https://www.govinfo.gov/app/details/FR-2018-11-28 P0b002ee19df63ef1 0097-6326 0042-1219 0364-1406 769-004-00000-9 000582072 f:fr28no18 https://www.govinfo.gov/app/details/FR-2018-11-28 https://www.govinfo.gov/content/pkg/FR-2018-11-28/pdf/FR-2018-11-28.pdf https://www.govinfo.gov/content/pkg/FR-2018-11-28/xml/FR-2018-11-28.xml fdlp 61109 61307 DGPO 2018-11-27 2024-06-01 FR-2018-11-28 machine generated eng FR FR-2018-11-28 83 229