To increase the mandatory contribution amount of Federal Home Loan Banks to the Affordable Housing Program, and for other purposes.

This bill amends the Federal Home Loan Bank Act to significantly increase the mandatory contributions made by Federal Home Loan Banks to the Affordable Housing Program. Specifically, it revises the contribution requirements for 2026 and subsequent years. The legislation mandates that, starting in 2026, Federal Home Loan Banks must contribute 15 percent of their preceding year's net income to the program.

This represents an increase in the required percentage, aiming to bolster funding for affordable housing initiatives across the nation. The bill also maintains the existing provision that ensures the aggregate contribution from all Banks is not less than $100,000,000 annually.