About Us

Reforming the FHLB System

The Coalition for Federal Home Loan Bank Reform (CFR) is a non-partisan coalition of organizations dedicated to bringing together a wide variety of stakeholders to discuss, educate and shape reforms aimed at enhancing the ability of the FHLB System to address the nation’s unmet affordable housing and community development needs.

Research, Reports, Analysis

Demystifying the FHLB System

Explore our collection of research and reports, comment letters, and media archives about the Federal Home Loan Bank System and its role in supporting housing and community development. These resources provide the context needed to better understand the system and the need for meaningful reform.

Explore Research Library

From the FHLB 2025 Financial Report

Unlocking Billions for Housing

$1.2T

FHLB Assets in Total

$33B

Retained Earnings

$632M

Statutory Affordable Housing Contributions

construction worker in hard hat on building frame
construction worker in hard hat on building frame

Coalition Policy Priorities

The coalition prioritizes achieving these six policy goals in our effort to reform the Federal Home Loan Bank system.

Clarify and help define the FHLBanks’ mission as supporting liquidity for housing and community development.

Develop strategies to more fully leverage the balance sheets of FHLBanks and their members, especially the use of advances to support affordable housing and community development.

Expand monetary support for affordable housing and economic development by increasing the mandatory AHP contributions from 10% to 30% of annual net income.

white and brown concrete house near green trees during daytime
white and brown concrete house near green trees during daytime

Make AHP initiatives and “voluntary” FHLBank affordable housing and community development programs more useful and geared toward fair housing goals and LMI housing.

Increase FHLBank transparency and accountability as they are a government-sponsored enterprise (GSE). This includes required periodic reporting that is consistent and comparable across the FHLBanks.

Reform membership requirements, including by easing access to the system and its benefits for CDFIs and strengthening the mission test applied to membership to ensure an ongoing commitment to housing and community development from all members.