Only members subject to the CRA must meet the CRA standard.3(b). The regulation includes standards and criteria for the two statutory factors-members' CRA performance and members' record of lending to first-time homebuyers.3. Pursuant to section 10(g) of the Bank Act, FHFA has promulgated a community support requirements regulation that establishes standards a Bank member must meet in order to maintain access to long-term advances, and establishes review criteria FHFA must apply in evaluating a member's community support performance. 2901 et seq., and the Bank member's record of lending to first-time homebuyers.
The regulations promulgated by FHFA must take into account factors such as the Bank member's performance under the Community Reinvestment Act of 1977 (CRA), 12 U.S.C. Section 10(g)(1) of the Federal Home Loan Bank Act (Bank Act) requires FHFA to promulgate regulations establishing standards of community investment or service that Bank members must meet in order to maintain access to long-term Bank advances. End Further Info End Preamble Start Supplemental Information SUPPLEMENTARY INFORMATION: I.
Melissa Allen, Principal Program Analyst, at or 20, Office of Housing and Regulatory Policy, Division of Housing Mission and Goals, Federal Housing Finance Agency, Ninth Floor, 400 Seventh Street SW., Washington, DC 20024. Start Further Info FOR FURTHER INFORMATION CONTACT: Comments on members' community support performance should be submitted to FHFA as provided above. Submit completed Community Support Statements to FHFA by electronic mail at A member that does not have electronic mail capability may submit the Community Support Statement by fax to 20. Comments on members' community support performance must be submitted to FHFA by the same date. DATES:īank members selected for this review cycle must submit Community Support Statements to FHFA on or before December 15, 2014. This Notice also prescribes the deadline by which Bank members selected for this review cycle must submit Community Support Statements to FHFA. The Federal Housing Finance Agency (FHFA) is announcing the Federal Home Loan Bank (Bank) members it has selected for the 2014-2015 Review Cycle-4th Round under FHFA's community support requirements regulation. Provide legal notice to the public or judicial notice to the courts. Rendition of the daily Federal Register on does not Until the ACFR grants it official status, the XML Legal research should verify their results against an official edition of
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