To increase the mandatory contribution amount of Federal Home Loan Banks to the Affordable Housing Program, and for other purposes.

This bill would require Federal Home Loan Banks to put more of their yearly profits toward programs that help make housing more affordable. These programs help lower interest rates on home loans for people with low and moderate incomes and support building or fixing up affordable rental housing. Right now, each Federal Home Loan Bank must put 10% of its yearly net income toward these programs, and this bill would raise that amount to 15%.

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