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Community Support Program / Overview Overview. v. 2.0
https://www.fhlbtopeka.com/community-programs-community-support-statements
Community Support Statements The Federal Home Loan Bank Act requires the Federal Housing Finance Agency (FHFA) to establish a Community Support Program (CSP) for FHLBank Topeka members. CSP regulations set forth standards of community investment or services allowing FHLBank members to maintain continued access to long-term advances …
https://www.fhlb.com/membership/Pages/Community-Support-Standards.aspx
Apr 29, 2019 · Beginning April 1, 2019, each member that is subject to community support review is required to complete an online community support statement using the FHFA's Community Support Program (CSP) website.
http://files.fhlbtopeka.com/portals/0/Community%20Support%20Statements/2017%20Community%20Support%20Program%20and%20Statement%20User%20Guide%20for%20FHLBank%20Members.pdf?sr=b&si=DNNFileManagerPolicy&sig=heE8JbDVGIedKw35wmJasLtOrtbXO8snL470zIBM2Ww%3D
Program requires FHLBank members to submit a Community Support Statement to FHFA once every two years (i.e. 2017, 2019, 2021 etc.) The Community Support Statement serves to document a FHLBank member’s CRA performance and support of first-time homebuyers. A FHLBank member must provide to FHFA: 1) its CRA
https://www.law.cornell.edu/cfr/text/12/1290.2
Unless instructed otherwise by FHFA, the Bank must provide to each member a blank Community Support Statement Form upon request by the member. FHFA will provide a copy of this blank form to the Bank. Upon a member 's request, the Bank must provide assistance to the member in completing the Community Support Statement.
https://www.fhlbc.com/docs/default-source/community-investment/community-support-statements/css-sample-online-form.pdf
mitigating factors on this Community Support Statement, FHFA will restrict the member’s prospective access to long-term FHLBank advances and FHLBank 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.
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