The FHLBanks also develop and maintain voluntary spending programs that are designed to meet the unique needs of each district. These programs support housing development, homeownership, small businesses, disaster relief efforts, and other community development needs, and include donations to food banks, home repair services for the elderly, support for veterans, and legal aid services. The flexibility of voluntary spending allows the FHLBanks to be innovative and rapidly deploy funding to meet specific community needs, expanding the reach of FHLBank members beyond statutorily required programs. Click here to learn more: FHLBank Issue Brief – Voluntary Programs
