Federal Housing Finance Agency Announces FHLBank System at 100: Focusing on the Future Initiative
UPDATE: The Federal Housing Finance Agency has extended the deadline for written comments through October 31.
On August 31, the Federal Housing Finance Agency announced the FHLBank System at 100: Focusing on the Future initiative. The initiative looks to ensure that as the Federal Home Loan Bank System approaches its centennial, it continues to be well positioned to meet the needs of our members and the communities they serve. As a part of the initiative, the FHFA is soliciting feedback from stakeholders through two public listening sessions and a series of regional roundtable discussions.
The FHFA will host its first public listening session September 29, 2022 at the Constitution Center in Washington, D.C., with an option to participate virtually.
We are pleased to have the opportunity to engage in this discussion about the future of the Federal Home Loan Bank System and look forward to hearing from among our 617 members and hundreds of affordable housing sponsors during the coming weeks and months. Over the last 90 years, we have proven to be a trusted resource for our members as they look for same day funding no matter the economic cycle or operating environment. The success of this model has paid dividends beyond reliable access to low cost funding—offering community lenders access to our secondary mortgage market program, Letters of Credit to underwrite public unit deposits, and a range of affordable housing and community investment grants and voluntary programs to meet the needs of our diverse region.
These strengths of the FHLB System are likely not news to many. Our members, sponsors and other stakeholders have seen them in action through their relationship with FHLB Cincinnati. That first-hand understanding of how our mission impacts communities and the financial system is an essential perspective to share as a part of these discussions. We encourage all FHLB Cincinnati stakeholders to engage in person, virtually or with written comments.
If interested in participating in the listening session on September 29, please sign up here. If unable to attend, the FHFA is accepting written comments through October 21, 2022 through its website or mailed to:
Federal Housing Finance Agency
400 7th Street, SW
Washington, D.C. 20024
No additional information about the second public listening session or the regional roundtables was announced, however we will share those dates and locations with members when available.
Working together, we can ensure the story of how the Federal Home Loan Bank System makes a difference for all is told. If members, sponsors or other FHLB Cincinnati stakeholders plan to speak, attend in person, or have questions, please contact our Public Affairs department or a Relationship Manager at 877-925-3452.