ShelterForce
Sharon Cornelissen, Jared Gaby-Biegel, Brian Stromberg
In recent decades, the Federal Home Loan Bank system has strayed from its original purpose—lending to support housing. We want to change that. Change seems inevitable for the Federal Home Loan Bank (FHLB) System, which has come under criticism from regulators, legislators, and advocates over the last two years. First founded in the 1930s, over the last 40 years it has strayed from its mission to fund affordable housing and engage in lending to support housing and community development, and instead is focusing on maximizing profits and dividends.
