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Time to submit your Community Support Statement (CSS) to the FHFA.

Do you need help submitting your Community Support Statement by Wednesday, Nov. 1? Click here for assistance.

 
 

Community Support Statements

 

Let us help you prepare your Community Support Statement.


Has your institution submitted their Community Support Statement? Get started here.
Approximately every two years, each FHLBank member must submit a Community Support Statement (CSS) to the Federal Housing Finance Agency (FHFA). FHLBank members selected for review must complete this statement on community support in order to maintain access to FHLBank advances with terms longer than one year. This includes the renewal of any maturing advance for a term to maturity greater than one year.

FHLBank members must use FHFA’s electronic online system to submit their CSS by December 31, 2017. FHLBank members are encouraged to keep a copy of the CSS so that the member has a record for future reference, and so that FHLBank CSP representatives will be able to work with the member to resolve any noncompliance. FHFA’s Community Support Program User Guide is available to assist members with completing and submitting their CSS to FHFA. 

 

Purpose: 

Section 10(g) of Federal Home Loan Bank Act [12 U.S.C. §1430(g)] sets forth community support requirements. Under the FHFA implementing community support regulation [12 C.F.R. part 1290], FHFA is required to take into account a Federal Home Loan Bank member's performance under the Community Reinvestment Act of 1977 [12 U.S.C. §2901 et seq.] (CRA) and its record of lending to first-time homebuyers, in determining whether to maintain the member’s access to long-term (maturity greater than one year) FHLBank advances. 

 

Part I (CRA Standard): 

Members subject to CRA. CRA Information- Institution's most recent federal CRA evaluation rating/date. [If your institution is not subject to CRA, select "Not Subject to CRA" and provide an explanation.]


Part II (First-time Homebuyer Standard): 

All members, except those with "Outstanding" federal CRA ratings, must complete section A or B on CSS form. An institution may demonstrate assistance to first-time homebuyers in many ways. Complete Section A or B of CSS form. You may satisfy first-time homebuyer standard either by demonstrating adequate lending performance (Section A), or demonstrating participation in programs that assist first-time homebuyers (Section B).  

 

Assistance:  

FHLBank can assist you in preparing your CSS.

 

Please contact Jennifer Kathrens, Community Programs and Records Specialist at 785.438.6030 or 866.571.8155 with any questions about the CSS process.




Address:

One Security Benefit Place
Suite 100 | Topeka, KS 66606

Phone:

785.233.0507

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