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 documenting a member’s Community Reinvestment Act of 1977 [12 U.S.C. §2901 et seq.] (CRA) performance and support of first-time homebuyers.
FHFA’s public comment period is March 1, 2021 to March 31, 2021. 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 1, 2021 and can be found below.
FHLBank members are highly encouraged to submit their CSS at their earliest convenience, but not later than October 29, 2021. FHLBank members must use FHFA’s electronic online system to submit their CSS. FHLBank members are encouraged to keep a copy of their 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.