YourVoice.Now Summary
Your MoneyCorporate BenefitsFederal Home Loan Banks would put 15% of profits, up from 10%, into cheaper loans for lower-income homes and rentals.
Your Money
Starting in 2026, the banks would set aside 15% of the prior year's net income for lower interest rates on housing loans. The help goes to buyers earning up to 80% of the area median and to rentals with units for very low-income households.
Corporate Benefits
Each bank's yearly housing payment would rise from 10% to 15% of the prior year's net income. That leaves less for the bank to hold in reserve or pay out as dividends.
More about this bill
If your family earns a low or moderate income, more money could go toward cheaper loans to buy a home or build affordable rentals. Federal Home Loan Banks (banks that make loans to their member lenders) would have to put more of their profits into their Affordable Housing Program. Starting in 2026, each bank would give 15% of the prior year's net income, up from 10% today. The program lowers interest rates on loans for housing. It helps home buyers earning up to 80% of their area's median income. It also helps rental buildings where at least 20% of units are affordable for very low-income households. The banks together must still give at least $100 million a year, the same floor as today.
Congressional 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%.
Legislative Subjects
Details
- Congress
- 119th
- Chamber
- House
- Status
- summarized
- Action
- Introduced in House
- Action Date
- 2026-09-08
- Date Added
- 2026-09-30
- Source
- Congress.gov →
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