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 Board (Finance Board) 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 Standard): Members subject to CRA may 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 your institution’s most recent federal CRA ratings is "needs to improve," the Finance Board will place your institution on probation until it receives the rating from its next CRA examination. During the probationary period, your institution will retain access to long-term advances. If your institution does not receive an improved CRA ratings at its next federal CRA evaluation, its access to long-term advances will be restricted.

If your institution’s most recent federal CRA rating is "substantial noncompliance," the Finance Board immediately will take action to restrict its access to long-term advances. The restriction will remain in effect until your institution’s rating improves.

Part II (First-time Homebuyer Standard): All members, except those with "outstanding" federal CRA ratings, must complete this section. Your institution may demonstrate assistance to first-time homebuyers in many ways, but the Finance Board is particularly interested in actual loans, products, and services to first-time homebuyers. Although completion of both Section A and Section B is requested, your institution may satisfy the first-time homebuyer standard 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 standard, your institution may attach a one-page description of its efforts to assist first-time homebuyers and/or an explanation of factors affecting its ability to assist first-time homebuyers. No other information beyond this one-page description will be considered.

If your institution does not submit evidence of assistance to first-time homebuyers, the Finance Board immediately will take action to restrict its access to long term advances. The restriction will remain in effect until your institution submits information satisfactory to the Finance Board.

Part III (Certification): All members must complete this section. An appropriate senior officer 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 Board, Office of Policy, 1777 F Street, N.W., Washington, D.C. 20006; or you may download the form into Microsoft Word, fill it out and send it as an attachment via electronic mail to: comsup@fhfb.gov.

To download the form, right click on the link and choose "Save as" to save it to a disk or your computer.