FHFA Extends Affordable Housing Data Collection Rules
Published Date: 11/18/2025
Notice
Summary
The Federal Housing Finance Agency wants to keep collecting info for its Affordable Housing Program and is asking the public to share their thoughts by January 20, 2026. This is about extending a paperwork process for three more years without adding extra costs or big changes. If you’re involved in affordable housing, now’s your chance to speak up and help shape the future!
Analyzed Economic Effects
5 provisions identified: 4 benefits, 1 costs, 0 mixed.
Banks must fund AHP annually
Each of the 11 Federal Home Loan Banks must contribute 10 percent of its previous year's net earnings to its Affordable Housing Program annually, and the statute sets a minimum combined annual contribution by the 11 Banks of $100,000,000.
Three‑year extension of AHP data collection
FHFA intends to seek OMB approval to extend the information collection for the Affordable Housing Program (OMB control number 2590‑0007) for three years; the current control number is set to expire April 30, 2026, and FHFA is taking comments through January 20, 2026. FHFA estimates the total annual hour burden on Bank members and project sponsors at 106,784 hours, with itemized estimates for application preparation, monitoring, and certifications.
AHP helps low‑/moderate‑income buyers
The Affordable Housing Program (AHP) provides subsidies to help households buy homes if their income is at or below 80 percent of the area median income (AMI). Banks award these subsidies through competitive programs to members who then provide grants or subsidized financing for home purchase costs like down payments and closing costs.
Rental projects must reserve very-low units
AHP funding for rental housing is for projects in which at least 20 percent of the units will be occupied by, and affordable for, households with incomes at 50 percent or less of the area median income (very low‑income households). Banks review and monitor compliance with these income targets over a 15‑year monitoring period for rental projects.
Homeownership set‑aside cap for grants
Banks may allocate up to the greater of $4.5 million or 35 percent of their annual required AHP contribution to homeownership set‑aside programs. Those set‑asides provide direct subsidies (grants) for down payments, closing costs, counseling, or rehabilitation assistance for eligible households buying or rehabilitating a primary residence.
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Key Dates
Department and Agencies
Related Federal Register Documents
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2026-17586, Privacy Act of 1974; System of Records
In accordance with the requirements of the Privacy Act of 1974, as amended, (Privacy Act), the Federal Housing Finance Agency (FHFA or Agency) is proposing to modify an existing system of records titled, "Financial Management System, FHFA-2." This system of records contains documentation pertaining to prospective, present, and former FHFA employees, contractors, and vendors relating to government travel, vendor accounts, employee reimbursements, interagency transactions, aggregated employee pay records, vendor registration data, purchase- card accounts and transactions, and program payment agreements. The purpose of the system is to support the management and administration of FHFA's accounting and financial operations, travel and purchase-card programs, and acquisition and contract management services. FHFA collects and maintains these records to ensure the orderly processing of the Agency's financial transactions and payments, including travel arrangements, reimbursements, employee payroll, and purchase-card payments. The system organizes and enables the retrieval of these records, which ensures that all financial transactions and payments are processed timely, consistently and in compliance with federal requirements. The proposed modifications include: revising the system security classification, system location, system manager, and legal authorities for maintenance of the system; clarifying the purpose of the system, categories of individuals covered by the system, and categories of records maintained in the system; the revision, removal, and addition of routine uses; removal of the Disclosure to Consumer Reporting Agencies section; updating the policies and practices for storage of records, the policies and practices for retention and disposal of records, and the administrative, technical, and physical safeguards; and minor updates for clarity and consistency.
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