Form FHFA Form 060 FHFA Form 060 Community Support Statement

FHFA Form # 060
(01/10/2012)

FEDERAL HOUSING FINANCE AGENCY
COMMUNITY SUPPORT STATEMENT

(see instructions page 2)

Name of Institution:
Address:
City:

State:

Zip Code:

Docket Number:
Contact Person: (Mr./Ms.)
Phone Number: (

Title:

)

Fax Number: (

)

I. CRA Factor
Most recent federal CRA Rating:

CRA Evaluation Date:

II. First-time Homebuyer Factor (You may complete either Section A or B, or both sections.
Members with "Outstanding" federal CRA ratings need not complete this section.)

A. Complete the following four questions using data for the previous calendar year.

1. Number of mortgage loans made to first-time homebuyers
2. Dollar amount of loans made to first-time homebuyers
3. Loans made to first-time homebuyers as a percentage of all mortgage loans
4. Dollars loaned to first-time homebuyers as a percentage of all mortgage dollars loaned

$
%
%

B. Check as many boxes as appropriate

1. In-house first-time homebuyer program (e.g. marketing plans and outreach
programs)
2. Other in-house lending products that serve first-time homebuyers or low- and
moderate-income homebuyers
3. Flexible underwriting standards for first-time homebuyers
4. Participate in nationwide first-time homebuyer programs
(Fannie Mae, Freddie Mac, etc.)
5. Participate in federal government programs that serve first-time homebuyers
(FHA, VA, etc.)
6. Participate in state or local government programs targeted to first-time
homebuyers
7. Financial support or technical assistance to community groups or organizations
that assist first-time homebuyers
8. Participate in loan consortia that make loans to first-time homebuyers
9. Participate in or support special counseling or homeownership education
targeted to first-time homebuyers
10. Hold investments or make loans that support first-time homebuyer programs
11. Hold mortgage-backed securities that may include a pool of loans to low and
moderate-income homebuyers
12. Participate in service organizations that provide mortgages

_
_
_
_
_
_
_

_
_
_

13. Participate in FHFA community lending programs
14. Other (see instructions for Part II)

_

III. Certify that information in this Community Support Statement and the attachments is correct to the best of your knowledge by
filling out the information below.

Signed

Title

Print Name

Date

FHFA Form 060

OMB Number 2590-0005

Expires 2-29-16

Page 1 of 2

Community Support Statement Instructions

Purpose: To maintain continued access to long-term advances, section 10(g) of the Federal Home Loan Bank Act [12
U.S.C. §1430(g)] requires the Federal Housing Finance Agency (FHFA) to take into account a Federal Home Loan Bank
member's performance under the Community Reinvestment Act of 1977 [12 U.S.C. §2901 et seq.] (CRA) and its record
of lending to first-time homebuyers. For purposes of community support review, the term "long-term advances" means
advances with a term to maturity greater than one year.

Part I (CRA Factor): Members subject to CRA shall complete this section. Indicate your institution's most recent
federal CRA evaluation rating and date. [If your institution is not subject to CRA, indicate this in the CRA evaluation
field on this form.]

If a member's most recent federal CRA evaluation is rated "Needs to Improve," the FHFA will place that member on
probation until it receives the rating from its next CRA examination. During the probationary period, it will retain access
to long-term advances. If the member does not receive an improved CRA rating at its next CRA evaluation, its access to
long-term advances will be restricted.

If a member's most recent federal CRA rating is "Substantial Non-compliance," the FHFA immediately will take action to
restrict that member's access to long term advances. The restriction will remain in effect until the member's rating
improves.

Part II (First-time Homebuyer Factor): All members, except those with "Outstanding" federal CRA ratings must
complete this section. An institution may demonstrate assistance to first-time homebuyers in many ways, but the FHFA
is particularly interested in actual loans, products, and services to first-time homebuyers. Although completion of both
Section A and Section B is requested, you may satisfy the first-time homebuyer factor by demonstrating adequate lending
performance (Section A), by demonstrating participation in programs that assist first-time homebuyers (Section B), or by
a combination of both factors. If the information requested in Part II is inadequate to reflect your institution's compliance
with the first-time homebuyer factor, you may attach a one-page description of your efforts to assist first-time homebuyers
and/or an explanation of factors affecting your institution's ability to assist first-time homebuyers. No other information
beyond this one-page description will be considered.

If a member does not submit evidence of assistance to first-time homebuyers, the FHFA immediately will take action to
restrict that member's access to long term advances. The restriction will remain in effect until the member submits
information satisfactory to the FHFA.

Part III (Certification): All members must complete this section. An appropriate senior official must certify that the
information in this Community Support Statement and the attachments is correct to the best of his/her knowledge.

Assistance: Your Federal Home Loan Bank has a Community Support Program that can assist you in preparing your
Community Support Statement.

Once you have completed this form, please submit it, along with any attachments, to the Federal Housing Finance
Agency, Division of Housing Mission and Goals, 400 7th Street, S.W., Washington, D.C. 20024, or by electronic mail
to hmgcommunitysupportprogram@fhfa.gov

FHFA Form 060

OMB Number 2590-0005

Expires 2-29-16

Page 2 of 2