Articles from Council of Federal Home Loan Banks

Record $1.2 Billion Committed to Housing and Economic Development in 2024

Strong Financial Performance Supports Record-Setting Year for Affordable Housing and Community Development Funding

WASHINGTON, Jan. 16, 2025 (GLOBE NEWSWIRE) -- Ryan Donovan, President and Chief Executive Officer of the Council of Federal Home Loan Banks, the public voice of the Federal Home Loan Bank System (FHLBank System), today released the following statement in response to President Trump’s nomination of Bill Pulte as director of the Federal Housing Finance Agency (FHFA).

WASHINGTON, Oct. 18, 2024 (GLOBE NEWSWIRE) -- The Federal Home Loan Bank System (FHLBank System) today hailed a report published by the Federal Housing Finance Agency (FHFA), regulator of the FHLBank System, indicating that the FHLBanks contributed a total of more than $581 million in Affordable Housing Program and community development grants in 2023.

Letter to Department of Treasury Outlines a Range of Collaborative Ideas Focused on Addressing Nation’s Intractable Housing Issues

WASHINGTON, Aug. 16, 2024 (GLOBE NEWSWIRE) -- The Federal Home Loan Bank System (FHLBank System), has filed a comment letter in response to the Federal Housing Finance Agency (FHFA) Request for Input on the Affordable Housing Program (AHP) application process.

Comment letter reinforces valuable role the FHLBanks play for consumers and the economy

Report demonstrates how FHLBank System helps lower cost of homeownership, stimulate economic activity, and improve access to affordable housing

FHLBanks anticipate providing approximately $1 billion in support for affordable housing and community development in 2024

WASHINGTON, May 16, 2024 (GLOBE NEWSWIRE) -- Ryan Donovan, President and Chief Executive Officer of the Council of Federal Home Loan Banks, the public voice of the Federal Home Loan Bank System (FHLBank System), today released the following statement in response to the publication of the Federal Housing Finance Agency’s Request for Input on the mission of the FHLBanks.

WASHINGTON, May 08, 2024 (GLOBE NEWSWIRE) -- The Council of Federal Home Loan Banks, the public voice of the Federal Home Loan Bank System (FHLBank System), today issued the following statement attributable to Council President and CEO, Ryan Donovan, in reaction to FHLBank San Francisco’s announcement of Alanna McCargo as its new President and Chief Executive Officer.

WASHINGTON, May 07, 2024 (GLOBE NEWSWIRE) -- The Council of Federal Home Loan Banks, the public voice of the Federal Home Loan Bank System (FHLBank System), today announced that the FHLBank System expects to provide approximately $1 billion in support for affordable housing and community development initiatives this year. This firmly establishes the FHLBank System as one of the largest sources of private funding for affordable housing in the United States.

WASHINGTON, April 08, 2024 (GLOBE NEWSWIRE) -- The Council of Federal Home Loan Banks, the public voice of the Federal Home Loan Bank System (FHLBank System), today applauded the findings of a recently published report from the Government Accountability Office (GAO) on the actions of the FHLBanks during the spring 2023 bank failures that disrupted financial markets.

WASHINGTON, Nov. 07, 2023 (GLOBE NEWSWIRE) -- Ryan Donovan, President and Chief Executive Officer of the Council of Federal Home Loan Banks, the public voice of the Federal Home Loan Bank System (FHLBank System), today released the following statement in response to the publication of the Federal Housing Finance Agency’s much anticipated report on the FHLBank System.