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FHLBank system could increase support for affordable housing initiatives
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Banking
Tuesday, August 13, 2024
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The Federal Housing Finance Agency is considering whether to increase the share of net income from the Federal Home Loan Banks (FHLBanks) set aside for affordable housing program initiatives. The agency explained its reasoning in its FHLBank System at 100: Focusing on the Future report and received support from the Treasury Department despite concerns expressed by state banking advocates.
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