To increase the mandatory contribution amount of Federal Home Loan Banks to the Affordable Housing Program, and for other purposes.
The source supplies the latest action, but no lifecycle stage.
Latest action (16 Sep 2026): Ordered to be Reported Unfavorably (Amended) by the Yeas and Nays: 21 - 28.
What this bill does
H.R. 10325 would amend the Federal Home Loan Bank Act to increase the required contribution that Federal Home Loan Banks make to the Affordable Housing Program. Under current law, banks must contribute 10 percent of the prior year's net income (or a minimum aggregate amount) toward the program each year since 1995. The bill would cap that existing formula at 2025 and set a new rule for 2026 and later years, requiring the Banks to contribute 15 percent of the previous year's net income, with a guaranteed minimum aggregate contribution of $100,000,000 annually if that percentage would otherwise fall short.
The change affects the twelve Federal Home Loan Banks, which are government-chartered institutions that provide funding to local banks and other lenders. By raising their mandatory set-aside, the bill would increase the amount of money funneled into the Affordable Housing Program, which supports low- and moderate-income housing initiatives nationwide. The practical effect would be more federal-housing-program funding, financed through higher required contributions from the Home Loan Banks rather than through general taxpayer funds.
The bill was introduced in the House on September 8, 2026, by Rep. Maxine Waters and referred to the House Committee on Financial Services. As an introduced bill, it has not yet been voted on; it would need committee consideration, potential amendment, and votes in both the House and Senate, followed by presidential signature, before becoming law.
Plain-English summary generated by Bill100 AI from the official record. Always verify against the source below.
Official summary
This bill increases the required contributions of Federal Home Loan Banks to the Affordable Housing Program established by each bank. These programs subsidize interest rates for member banks to finance (1) mortgages for low- and moderate-income individuals; and (2) the purchase, construction, or rehabilitation of affordable rental housing.
Specifically, the bill increases the percentage of yearly net income that each Federal Home Loan Bank must contribute to these programs from 10% to 15%.
Timeline
16 Sep 2026
Ordered to be Reported Unfavorably (Amended) by the Yeas and Nays: 21 - 28.
Common questions
- What does H.R. 10325 do?
- H.R. 10325 would amend the Federal Home Loan Bank Act to increase the required contribution that Federal Home Loan Banks make to the Affordable Housing Program. Under current law, banks must contribute 10 percent of the prior year's net income (or a minimum aggregate amount) toward the program each year since 1995. The bill would cap that existing formula at 2025 and set a new rule for 2026 and later years, requiring the Banks to contribute 15 percent of the previous year's net income, with a guaranteed minimum aggregate contribution of $100,000,000 annually if that percentage would otherwise fall short. The change affects the twelve Federal Home Loan Banks, which are government-chartered institutions that provide funding to local banks and other lenders. By raising their mandatory set-aside, the bill would increase the amount of money funneled into the Affordable Housing Program, which supports low- and moderate-income housing initiatives nationwide. The practical effect would be more federal-housing-program funding, financed through higher required contributions from the Home Loan Banks rather than through general taxpayer funds. The bill was introduced in the House on September 8, 2026, by Rep. Maxine Waters and referred to the House Committee on Financial Services. As an introduced bill, it has not yet been voted on; it would need committee consideration, potential amendment, and votes in both the House and Senate, followed by presidential signature, before becoming law.
- Has H.R. 10325 become law?
- The source does not supply a confirmed lifecycle stage for H.R. 10325. Check the latest action and official source below.
- Who sponsored H.R. 10325?
- H.R. 10325 was sponsored by Rep. Waters, Maxine [D-CA-43] (D-CA), with 0 cosponsors.
- What's the latest action on H.R. 10325?
- Ordered to be Reported Unfavorably (Amended) by the Yeas and Nays: 21 - 28. (16 Sep 2026).
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