On November 1, the Treasury’s Community Development Financial Institutions Fund (CDFI Fund) and the FHFA announced the creation of a working group to increase capital for affordable housing lending from the FHLBs. This initiative would support the Biden Administration’s goal of expanding the supply of affordable housing and reducing housing costs. The working group will help more CDFIs access affordable capital from FHLBs to address housing needs in certain underserved communities. The group will also explore new programs for increasing access to capital by non-depository CDFI members, examine property appraisal and valuation methods, and share data on CDFI activities.
