Questions and Answers Regarding the Affordable Housing Program Part 2

The Federal Housing Finance Board (Finance Board) is publishing Questions and Answers Regarding The Affordable Housing Program (AHP or Program) Part 2 (Questions and Answers Part 2). The Questions and Answers Part 2 have been prepared by staff of the Finance Board in response to questions about changes in the Finance Board's regulation governing the AHP (AHP regulation) that went into effect on January 1, 1998, as amended by an interim final rule effective June 19, 1998. The Questions and Answers Part 2 constitute informal staff guidance for Finance Board personnel, the Federal Home Loan Banks (Bank), Bank members, and Program participants. The Answers are intended to be interpretive of the AHP regulation, and are not statements of agency policy. The Questions and Answers Part 2 have not been considered or approved by the Board of Directors of the Finance Board.