Regulacje i polityka gospodarcza · 3.10.2001

Amendment of Community Investment Cash Advance Programs Regulation

The Federal Housing Finance Board (Finance Board) is amending its regulation on Community Investment Cash Advance (CICA) Programs (CICA Regulation) to make certain technical revisions clarifying CICA Program requirements and improving the operation of CICA Programs. The final rule clarifies that the Federal Home Loan Banks (Banks) may offer grants, in addition to advances, under certain CICA Programs, and amends the definition of "median income for the area" to include additional sources of median income data that may be used to determine income eligibility for projects and households funded under CICA programs.