Earlier this summer, PRT Advocacy wrote a comment on the FHLB’s amendments to their Affordable Housing Program Application.
The experiences shared by PRT Partners across the country varied widely regarding applying for this pot of funding. This variation shows ambiguity in the application resources, application paperwork, and scoring system. With these differences, there is room for lack of accountability and inequities based on place. PRT emphasized four main points:
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Consider Native and Rural communities for maximum impact
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Ensure a similar application experience across the nation, regardless of FHLB Region
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Consider streamlining other applications within the FHLB System
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Create more aligned scoring systems and resources for applicants
Read more about why PRT strongly urges the FHLB to adopt our suggestions to improve rural communities’ access to the Affordable Housing Program.