FHLBReform

The Coalition for Federal Home Loan Bank Reform

[Aaron Klein @Aarondklein]

Federal Home Loan Bank's spent more on executive compensation than on housing. Shocking new analysis by @ConsumerFed @sjccorn in must read report. @FHFA @pulte this is your chance!

https://t.co/fP5s5Xbd4p

[Consumer Federation of America @ConsumerFed]

“@SenCortezMasto has shown great leadership by pursuing reforms of the #FHLBanks for the American people." @sjccorn "Expanded #AffordableHousing programs will help build more housing and help more Americans become #homeowners."
https://t.co/8gR9Elt6z3

[FHLBReform @FHLBReform]

We are thrilled by the announcement of @SenCortezMasto's new bill to reform #FHLBs! With the housing crisis, holding this #GSE accountable to its mission of supporting #AffordableHousing is more important than ever. 🏘️Read more: https://t.co/5oDEjHSvz1

[Consumer Federation of America @ConsumerFed]

The #FHLBanks were chartered by #Congress to help support #AffordableHousing – not to enrich their executives. Yet in 2024 alone, no less than 31 FHLBank executives earned over $1 million.

Learn More in our latest #Blog by @sjccorn

https://t.co/wZXz1ervVF

[Sharon Cornelissen @sjccorn]

How many millionaires does it take to run a government-sponsored #banking system? 🏧 Apparently, at least 31: that's how many executives made >1M within the FHLB system in 2024. @pulte it's time for #FHLB reform. 👉Read more here: https://t.co/mzSCE0Dbum

[FHLBReform @FHLBReform]

"If FHFA and Congress seek to root out waste and inefficiencies in our housing finance system, they can start by setting reasonable limits on #FHLB executive pay and looking into consolidation options for this system" -@sjccorn https://t.co/mKxuNZjDxj

[FHLBReform @FHLBReform]

The Economist's recent piece on #FHLBanks takes a look at how far this GSE system has strayed from its mission:"Lending to Apollo does little to advance the FHLBs' 'mission' of supporting housing finance, nor do most of their operations."

Read more: https://t.co/F2bT1m73Sh

[InMortgageFinance @IMFpubs]

The FHLBank system has strayed from its mission to fund affordable housing, “focusing instead on maximizing profits and dividends,” says @FHLBReform. The banks received $7.3 billion in subsidies in 2024, CBO estimates; “What does the public get in return?” https://t.co/MSNyqWS6uc

[FHLBReform @FHLBReform]

Over 60 national and local organizations signed a letter supporting Congressional action to require #FHLBs to devote at least 30% of their net income to support #affordablehousing and community development, including no less than 20% on AHP contributions. https://t.co/D3YUr7wHR0

[Consumer Federation of America @ConsumerFed]

Over sixty national and local organizations signed on to a letter supporting Congressional action to expand #FHLBank contributions to #AffordableHousing Programs @FHLBReform
https://t.co/kuXCnza4Zw

[FHLBReform @FHLBReform]

"Millions of Americans, many of them Black, Latino and/or of younger generations, feel they may never own a home. We can no longer allow this trillion-dollar GSE to sit on its hands, while housing costs continue to rise." #FHLBankReform #AffordableHousing https://t.co/hSczVWRN7U

[U.S. Federal Housing (FHFA) @FHFA]

FHFA issued today a proposed rule that would update FHLBank unsecured credit limits and provide more flexibility for the FHLBanks to respond to members’ short-term liquidity needs: https://t.co/wO0VbmsvPH #Systemat100

[FHLBReform @FHLBReform]

"As the nation seeks to accelerate the development of affordable housing solutions, clarifying the role of the #FHLBank System and strengthening its ability to provide access to stable, reliable liquidity is a critical component of this effort." https://t.co/m8b9XsjUpd

[FHLBReform @FHLBReform]

CFR is launching a newsletter! Don't miss a monthly update on the latest news on FHLBanks and the coalition's reform efforts, sent straight to your inbox. Sign up here: https://t.co/sjLTYvBbDK

[FHLBReform @FHLBReform]

Kamala Harris pledged to dramatically increase America's #housingsupply. Advocates hope her plan includes revamping the #FHLBs' commitment to supporting housing and community development. #HousingCrisis #GSEreform https://t.co/rXldHBFNVA

[FHLBReform @FHLBReform]

Our partner, @UFCW investigates how the #FHLBs, originally meant to support affordable housing, now subsidize big financial firms like Apollo, while their workers struggle with housing costs. #FHLBReform #AffordableHousingCrisis

https://t.co/2QFL2zFdoz

[Elizabeth Warren @SenWarren]

Instead of doling out tens of millions to executives, the Federal Home Loan Banks should be doing what Congress created them to do: funding affordable housing. https://t.co/vtsqXIPfGg

[FHLBReform @FHLBReform]

CFR is proud to partner with @RuralHome on #FHLBReform! We believe #FHLBs need to step up and address the #AffordableHousingCrisis affecting communities across the country.

[Housing Assistance Council @RuralHome]

🏡✨ Affordable and healthy homes are the cornerstone of vibrant communities. However, rural America is facing a severe affordable housing crisis.

Learn more about the challenge and solutions at https://t.co/s9cwjlFfeN

#AffordableHousing #RuralHome #HousingCrisis

[Consumer Federation of America @ConsumerFed]

New Blog: Amid a deepening housing crisis, the #FHLBanks continue to prioritize profits over people. Let's help make this System part of the solution instead of one of the problems. #AffordableHousing @sjccorn @FHLBReform
https://t.co/gO1jFD44x4

[FHLBReform @FHLBReform]

Today, CFR submitted a response to the @FHFA's Request for Input on the FHLB AHP application process. The letter was drafted using input from local orgs working to improve access to affordable housing using #FHLB funding 🏘️ Read more: https://t.co/QSfrD2NtrB