Congress raises affordable housing funding mandate on Federal Home Loan Banks
H.R. 10325 — To increase the mandatory contribution amount of Federal Home Loan Banks to the Affordable Housing Program, and for other purposes. · Filed by Maxine Waters (D-CA) · Introduced Sep 8, 2026 · Referred to committee
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What it does
This bill increases the mandatory contribution that Federal Home Loan Banks must make to the Affordable Housing Program. Currently, banks contribute 10% of net income annually; starting in 2026, they must contribute 15% of the prior year's net income, with a floor guarantee of at least $100 million total per year across all banks. The change takes effect after 2025.
Why we flagged it
The bill's sole operative mechanism is a direct increase in mandatory contributions from Federal Home Loan Banks to the Affordable Housing Program, raising the contribution rate and establishing a minimum annual floor. This is a straightforward public-benefit appropriation mechanism.
What the text implies
- The $100 million annual floor may become binding if bank net income declines significantly, creating a potential drag on bank profitability during economic downturns.
- The 15% contribution rate applies to 'preceding year's net income,' creating a one-year lag that may reduce contributions during rapid economic contraction.
The full analysis lists 3 implications of this text.
Who stands to gain
affordable housing developers and nonprofits (indirect, via program funding); low-income households seeking affordable housing