To increase the mandatory contribution amount of Federal Home Loan Banks to the Affordable Housing Program, and for other purposes.
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Summary
This bill amends the Federal Home Loan Bank Act to increase the mandatory contribution of Federal Home Loan Banks to the Affordable Housing Program. Beginning in 2026, the banks must contribute 15 percent of their preceding year's net income to the program, with a minimum aggregate contribution of $100 million annually across all banks. The bill also limits the previous contribution requirement to years 1995 through 2025.
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