Install
To increase the mandatory contribution amount of Federal Home Loan Banks to the Affordable Housing Program, and for other purposes.
- Introduced
- Committee
- Passed House
- Passed Senate
- To President
- Became law
Summary
This bill increases the required contributions of Federal Home Loan Banks to the Affordable Housing Program established by each bank. These programs subsidize interest rates for member banks to finance (1) mortgages for low- and moderate-income individuals; and (2) the purchase, construction, or rehabilitation of affordable rental housing.
Specifically, the bill increases the percentage of yearly net income that each Federal Home Loan Bank must contribute to these programs from 10% to 15%.
Summary by the Congressional Research Service, Library of Congress.
Actions
- Sep 16, 2026 Ordered to be Reported Unfavorably (Amended) by the Yeas and Nays: 21 - 28.
- Sep 16, 2026 Committee Consideration and Mark-up Session Held
- Sep 8, 2026 Referred to the House Committee on Financial Services.
- Sep 8, 2026 Introduced in House
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