FHFA Community Support Statement Form Guidance
This document provides detailed instructions for completing the FHFA Community Support Statement Form. It outlines essential sections and requirements for organizations seeking to help first-time homebuyers. Ensure compliance with FHFA standards by carefully filling out the necessary information.
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How do I fill this out?
Filling out this form requires accurate information about your institution's compliance with the Community Reinvestment Act and support for first-time homebuyers. Begin by entering your Federal Home Loan Bank Member ID Number and your institution’s details. Proceed to answer the questions in each part carefully to ensure your submission is complete.

How to fill out the FHFA Community Support Statement Form Guidance?
1
Gather all necessary information about your institution, including CRA ratings.
2
Choose the appropriate sections to complete based on your institution's lending history.
3
Provide accurate data on first-time homebuyer assistance and lending.
4
Review all entries for completeness and accuracy before submission.
5
Submit the form electronically or as directed by the FHFA guidelines.
Who needs the FHFA Community Support Statement Form Guidance?
1
Federal Home Loan Bank members who need to demonstrate compliance with CRA requirements.
2
Lending institutions seeking to enhance their support for first-time homebuyers.
3
Community organizations that collaborate with banks on housing assistance programs.
4
State and local government agencies involved in affordable housing initiatives.
5
Financial institutions assessing their eligibility for Bank advances and programs.
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What are the instructions for submitting this form?
To submit the FHFA Community Support Statement Form, gather all completed sections and ensure all information is accurate. The preferred method of submission is via the online portal provided by FHFA. Alternatively, you can email the completed form to the designated FHFA email address or fax it to their offices at the specified number. Always refer to the latest guidelines on submission protocols provided by the FHFA. When preparing your form, double-check the institution details to avoid rejection due to minor errors.
What are the important dates for this form in 2024 and 2025?
The crucial dates for this form in 2024 and 2025 include the annual submission deadlines, typically set for the last working day of September each year. Institutions should also monitor any changes imposed by the FHFA regarding specific program requirements. Additionally, regular assessments and evaluations may affect the future iterations of required submissions.

What is the purpose of this form?
The FHFA Community Support Statement Form serves to ensure that Federal Home Loan Bank members are actively participating in their communities, specifically in lending to first-time homebuyers. This form is essential for the FHFA to evaluate a member's previous lending performance and commitment to fulfilling community reinvestment obligations. By compiling this information, the FHFA can make informed decisions on a member's eligibility for various Bank funding programs and services.

Tell me about this form and its components and fields line-by-line.

- 1. FHLBank Member ID Number: A unique identifier for each Federal Home Loan Bank member.
- 2. Institution Name: The name of the financial institution that is submitting the form.
- 3. Mailing Address: The complete mailing address of the institution.
- 4. Most Recent CRA Rating: The institution's latest rating under the Community Reinvestment Act.
- 5. First-Time Homebuyer Assistance: Details regarding institutional support for first-time homebuyers.
- 6. Senior Official Certification: An affirmation of the information's accuracy by a designated senior official.
What happens if I fail to submit this form?
If the FHFA Form 060 is not submitted, your institution may experience restrictions on future access to Bank advances and programs designed for affordable housing. Missing the submission deadline impacts eligibility for these crucial funding opportunities. Furthermore, ongoing non-compliance may lead to continued scrutiny from regulatory bodies, potentially affecting your institution's standing.
- Limited Access to Funding: Failure to submit can restrict access to essential funding programs.
- Regulatory Consequences: Not submitting the form can result in regulatory actions against the institution.
- Reputation Risk: Delays in compliance may adversely affect the institution's reputation in the community.
How do I know when to use this form?

- 1. Annual Reporting: To report yearly community engagement and lending activities.
- 2. Program Participation: Necessary for joining the Bank's funding initiatives.
- 3. Regulatory Compliance: To meet the federal CRA compliance requirements.
Frequently Asked Questions
What is the purpose of FHFA Form 060?
The FHFA Form 060 is used to assess a financial institution's support for first-time homebuyers and compliance with CRA requirements.
How do I complete the first-time homebuyer section?
Complete the section by providing data on mortgage loans made to first-time homebuyers and any associated programs.
Can I edit this form after filling it out?
Yes, you can edit the form using PrintFriendly's PDF editing tools before submission.
Is there a deadline for submitting this form?
Yes, submissions must comply with FHFA deadlines for program participation.
How do I submit this form once completed?
Submit the form through the designated online portal or email it to the specified FHFA address.
What happens if I don’t submit this form?
Failure to submit may restrict your institution's access to Bank programs and funding.
Who can assist me with filling out this form?
Your Federal Home Loan Bank's Community Support Program Representative can provide assistance.
Do I need a signature on this form?
Yes, a senior official must certify the information provided on the form.
Can I share this completed form?
Yes, you can easily share your form through PrintFriendly after editing and signing.
What kind of support is available for first-time homebuyers?
Participants can provide educational resources, financial aid, and various lending options to assist first-time homebuyers.
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