The Federal Home Loan Banks (FHLBanks) saw significant growth in support of affordable housing and community development in 2023, according to a report released Thursday by the Federal Housing Finance Agency (FHFA).

The report detailed FHLBanks’ activity across several programs that include the Affordable Housing Program (AHP), the Community Investment Program (CIP), the Community Investment Cash Advance Program (CICA) and other “voluntary targeted mission-activity programs,” according to the FHFA.

FHFA Director Sandra Thompson lauded the development in a statement accompanying the report.

“The Federal Home Loan Banks details ⇒

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