The Federal Home Loan Bank Act requires the Federal Housing Finance Agency (FHFA) to establish a Community Support Program (CSP) for FHLBank Topeka members. CSP regulations set forth standards of community investment or services allowing FHLBank members to maintain continued access to long-term advances (term to maturity greater than one year). The CSP requires FHLBank members to submit a Community Support Statement (CSS) to FHFA documenting a member’s Community Reinvestment Act of 1977 [12 U.S.C. §2901 et seq.] (CRA) performance and support of first-time homebuyers.
The FHFA’s public comment period is March 28, 2019 to April 29, 2019. FHFA will consider any public comments it receives concerning an FHLBank member when reviewing the member for community support compliance.
Instructions for submission of public comments were published in the Federal Register March 28, 2019 and are linked below.
FHLBank members are highly encouraged to submit their Community Support Statement (CSS) at their earliest convenience. The FHFA will start accepting CSS from members on Monday, April 1, 2019. FHLBank Topeka would like for members to submit by Thursday, October 31, 2019. The link to submit a CSS to the FHFA is available below. FHLBank members must use FHFA’s electronic online system to submit their CSS. FHLBank members are encouraged to keep a copy of the CSS for future reference.
If you have any questions, contact Jennifer Bohnenkemper, Community Programs and Records Specialist, at 785.478.8063 or at email@example.com.