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 · Reported out
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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.
- No sunset or review mechanism is specified; the 15% rate and $100M floor are permanent unless Congress amends the statute again.
Section numbers refer to the bill text the analysis read — linked under Primary records below.
Who it affects
The bill increases mandatory funding for affordable housing from Federal Home Loan Banks, expanding resources available for housing development and affordability programs. Citizens seeking affordable housing benefit from larger program funding; the cost is borne by the banks themselves (a 50% increase in their mandatory contribution), not by the public.
Who stands to gain
- affordable housing developers and nonprofits (indirect, via program funding)
- low-income households seeking affordable housing
Named in the bill
Federal Home Loan Banks, Affordable Housing Program, 12 U.S.C. § 1431(j)(5), House Committee on Financial Services
Where it stands
- Sep 8, 2026 — Introduced · Congress.gov: “Introduced in House”
- Sep 8, 2026 — Referred to House Committee on Financial Services · Congress.gov: “Referred to the House Committee on Financial Services”
- Sep 16, 2026 — Markup held in committee · Congress.gov: “Committee Consideration and Mark-up Session Held”
- Sep 16, 2026 — Reported out of committee · Congress.gov: “Ordered to be Reported Unfavorably (Amended) by the Yeas and Nays: 21 - 28”
Dates and quoted wording are Congress.gov's action record; the timeline shows status changes, not every procedural step.
How this was measured
Analysis — Quorum's AI read the bill text published by Congress.gov (496 characters) on Sep 10, 2026. Section numbers in the findings refer to that text, linked below; transparency and hidden-provision scores are compared against the median of 16,420 analysed bills.
Status and sponsors — Congress.gov's bill record — actions, committee referrals and cosponsors — loaded nightly. The timeline shows status changes, not every procedural action.
As of — page rendered 2026-10-26.
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