The presidents of the 11 FHLBanks are urging the Treasury to reconsider raising contribution thresholds, arguing that it won't address the housing crisis complexities and instead, they propose enhancing support for Community Development Financial Institutions (CDFIs) to aid affordable housing initiatives.
Policies proposed by policymakers may undermine the FHLBanks' business model, the presidents expressed in their letter, cautioning that contradictory signals can result in reduced support for affordable housing rather than the increased backing that is needed.
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