Regulacje i polityka gospodarcza · 1.11.1995

Amendment of Affordable Housing Program Regulation; Affordable Housing Program Application Requirements

The Federal Housing Finance Board (Board) is proposing to amend its regulation governing the Affordable Housing Program (AHP) to provide the Federal Home Loan Banks (Banks) with the authority to limit the maximum amount of AHP subsidy that may be requested for a given AHP funding period in the following ways: a uniform limit per member; a limit per project application; a limit per project unit; or a limit per amount of AHP direct subsidy per project application. A Bank would have the authority to establish any other subsidy limit or substantive AHP application requirement not specifically provided for in the AHP regulation, only if such subsidy limit or substantive AHP application requirement has received the prior approval of the Board. A Bank would have to consult with its Advisory Council in establishing its subsidy limits or substantive AHP application requirements. Any subsidy limit or AHP application requirement established by a Bank would have to apply equally to all members. The Board requests comments on this proposal. In addition, the Board requests comments on whether the AHP regulation also should be amended to authorize the Banks in their discretion to: Establish AHP s