H.R. 10325 · In committee · Finance and Financial Sector

To increase the mandatory contribution amount of Federal Home Loan Banks to the Affordable Housing Program, and for other purposes.

Sponsor: Maxine Waters (D-CA)

What it does

• Increase mandatory contributions of Federal Home Loan Banks to the Affordable Housing Program from 10% to 15% of yearly net income.
• Direct increased contributions to subsidize interest rates for member banks financing mortgages for low- and moderate-income individuals.
• Expand use of contributions to support purchase, construction, and rehabilitation of affordable rental housing.

Official summary

This bill increases the required contributions of Federal Home Loan Banks to the Affordable Housing Program established by each bank. These programs subsidize interest rates for member banks to finance (1) mortgages for low- and moderate-income individuals; and (2) the purchase, construction, or rehabilitation of affordable rental housing. Specifically, the bill increases the percentage of yearly net income that each Federal Home Loan Bank must contribute to these programs from 10% to 15%.

Latest action

Sep 16, 2026: Ordered to be Reported Unfavorably (Amended) by the Yeas and Nays: 21 - 28.

Committee: House Financial Services