United StatesFederal Home Loan Banks would set annual affordable housing contributions
Beginning in 2026, Federal Home Loan Banks would put 15% of prior-year net income into affordable housing, with a $100 million annual floor.
What it does
Starting in 2026, annual contributions would equal 15% of the Banks’ prior-year net income, with prorated amounts ensuring at least $100 million overall.
Argument forThe formula could provide at least $100 million each year for affordable housing, subject to the Banks’ prior-year income.
Argument againstRequiring a larger contribution could leave the Federal Home Loan Banks with less net income for other uses.
More detail
Federal Home Loan Banks would contribute 15 percent of the previous year's net income to the Affordable Housing Program. The rule would cover the Federal Home Loan Banks' combined annual contributions to the program. If 15 percent would not produce at least $100 million overall, the Banks would contribute prorated amounts needed to reach that floor. The new formula would apply in 2026 and each later year; the text would refer to the earlier period as 1995 through 2025.
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Where it stands
- Introduced
- Passed House
- Passed Senate
- To President
- Became Law
Looking ahead
No hearings or votes scheduled.
History
- 2026
- Sep 16Committee Consideration and Mark-up Session HeldLatest
- Sep 16Ordered to be Reported Unfavorably (Amended) by the Yeas and Nays: 21 - 28.
- Sep 8Introduced in House
- Sep 8Referred to the House Committee on Financial Services.Introduced
HousingEconomy & JobsConsumer Protection