Form FHFA Form 060 FHFA Form 060 Community Support Statement

FEDERAL HOUSING FINANCE AGENCY

FHFA Form 060
Informational Purposes Only

COMMUNITY SUPPORT PROGRAM
COMMUNITY SUPPORT STATEMENT
(see instructions page 2)

FHFA Federal Home Loan Bank (FHLBank) Member ID Number: [online form: Member fills in]
Name of FHLBank Member Institution: [online form: FHFA automatically fills in once the member enters its FHFA ID Number]
Mailing Address: [online form: FHFA fills in]
City: [online form: FHFA fills in]

_______________
State: [online form: FHFA fills in] Zip Code: [online form: FHFA fills in]

Submitter Name: [online form: Member fills in]

Title: [online form: Member fills in]

Work Email: [Member fills in and used for validation purposes only]
Part I. Community Reinvestment Act (CRA) Standard:
Most recent federal CRA rating:[online form: drop down list] Year of most recent federal CRA rating:[online form: drop down list]
Part II. First-time Homebuyer Standard: All Federal Home Loan Bank members must complete either Section A or B of this part,
except that members with "Outstanding" federal CRA ratings need not complete this part. Members should use data or activities
for the previous or current calendar year in completing this part.
A. Complete the following two questions: If your institution did not make, or did not track, mortgage loans to first-time
homebuyers, you must complete Section B of this part. [online form: Member completes]
#
1. Number of mortgage loans made to first-time homebuyers
$
2. Dollar amount of mortgage loans made to first-time homebuyers
B. Check as many as applicable:
1. Offer in-house first-time homebuyer program (e.g., underwriting, marketing plans, outreach programs)
2. Offer other in-house lending products that serve first-time or low- and moderate-income homebuyers
3. Offer flexible underwriting standards for first-time homebuyers
4. Participate in nationwide first-time homebuyer programs (e.g., Fannie Mae, Freddie Mac)
5. Participate in federal government programs that serve first-time homebuyers (e.g., FHA, VA, USDA RD)
6. Participate in state or local government programs targeted to first-time homebuyers (e.g., mortgage revenue
bond financing)
7. Provide financial support or technical assistance to community 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. Use affiliated lenders, credit union service organizations, or other correspondent, brokerage or referral
arrangements with specific unaffiliated lenders, that provide mortgage loans to first-time or low- and moderateincome homebuyers
13. Participate in the Affordable Housing Program or other targeted community investment/development programs
offered by the Federal Home Loan Bank
14. Other (attach description of other activities supporting first-time homebuyers; see instructions for Part II)
15. None of the above (attach explanation of any mitigating factors; see instructions for Part II)
Part III. Certification: By submitting this Community Support Statement, I certify that I am a senior official of the above institution, that I am
authorized to provide this information to FHFA, and that the information in this Statement and any attachments is accurate to the best of
my knowledge.
Sign: [not on the online form; “Submit” button is equivalent] ______
Date: [not on the online form; date is automatic]
FHFA Form 060

OMB Number 2590-0005

Expires 03/31/2020

Page 1 of 2

Community Support Statement (FHFA Form 060) Instructions
Purpose: Section 10(g) of the Federal Home Loan Bank Act [12 U.S.C. § 1430(g)] sets forth the community support
requirements. Under the Federal Housing Finance Agency’s (FHFA) implementing community support regulation [12 CFR part
1290], FHFA is required to take into account a Federal Home Loan Bank (Bank) member’s performance under the Community
Reinvestment Act of 1977 [12 U.S.C. § 2901 et seq.] (federal CRA) and its record of lending to first-time homebuyers, in
determining whether to maintain the member’s access to long-term Bank advances and to a Bank’s Affordable Housing Program
(AHP) and targeted Community Investment Cash Advances (CICA) programs. 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 Standard): Members subject to the federal CRA must complete this part. Provide your institution’s most
recent federal CRA rating and the year of the rating. Credit unions and insurance companies, which are not subject to the
federal CRA, should indicate “N/A” [i.e., not applicable] in the CRA rating field on this Community Support Statement. If your
institution is not a credit union or insurance company and is not subject to the federal CRA, indicate the reason for the
exemption. If a member’s most recent federal CRA rating is “Needs to Improve,” FHFA will place the member on probation.
During the probationary period, the member will retain access to long-term Bank advances and Bank AHP and CICA
programs. If the member does not receive an improved federal CRA rating at its next CRA evaluation, FHFA will restrict its
prospective access to long-term Bank advances and Bank AHP and CICA programs. If a member’s most recent federal CRA
rating is “Substantial Non-compliance,” FHFA will restrict the member’s prospective access to long-term Bank advances and
AHP and CICA programs. The restriction will remain in effect until the member’s federal CRA rating improves.
Part II. (First-time Homebuyer Standard): All members, except those with “Outstanding” federal CRA ratings, must complete
this part. A member may satisfy the first-time homebuyer standard either by: demonstrating lending performance to first-time
homebuyers (Section A); or demonstrating other financial support or participation in programs, products, services or investments,
that directly or indirectly assists first-time homebuyers (Section B); or by a combination of both factors. If none of the
information requested in this part describes your institution’s activities to support first-time homebuyers, you may attach a brief
description of other activities of your institution that support first-time homebuyers, or a brief explanation of any mitigating
factors that adversely affect your institution’s ability to assist first-time homebuyers, such as charter or operational limitations or
market conditions. If a member does not demonstrate assistance to first-time homebuyers or include an explanation of
mitigating factors on this Community Support Statement, FHFA will restrict the member’s prospective access to long-term Bank
advances and Bank AHP and CICA programs. The restriction will remain in effect until the member submits applicable information
to FHFA that demonstrates the member’s compliance with the first-time homebuyer standard.
Part III. (Certification): All members must complete this part. A senior official of your institution with authorization to provide
the information in this Community Support Statement must certify that the information in this Community Support Statement
and any attachments are accurate to the best of his/her knowledge. If a member submits a Community Support Statement that
does not include this required certification, FHFA will restrict the member’s prospective access to long-term Bank advances and
Bank AHP and CICA programs.
Assistance: Your institution’s Federal Home Loan Bank has a Community Support Program Representative that can assist you in
preparing this Community Support Statement. Please contact your FHLBank’s Community Support Program Representative:

https://www.fhfa.gov/PolicyProgramsResearch/Programs/AffordableHousing/Documents/FHLBanks-CSP-Representatives.pdf

Federal Housing Finance Agency
Division of Housing Mission and Goals
400 7th Street, S.W.
Washington, D.C. 20219

Paperwork Reduction Act Statement: Notwithstanding any other provision of the law, no person is required to respond to, nor shall
any person be subject to a penalty for failure to comply with, a collection of information subject to the requirements of the
Paperwork Reduction Act, unless that collection of information displays a currently valid OMB Control Number.
FHFA Form 060

OMB Number 2590-0005

Expires 03/31/2020

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