Legislation introduced by Sens. Cortez Masto (D-NV) and Young (R-IN), and Reps. McClain (R-MI) and Liccardo (D-CA), would make permanent the ability of the Federal Home Loan Banks (FHLBanks) to issue letters of credit on behalf of their members for the purpose of providing credit enhancement to non-housing-related tax-exempt bonds. This bipartisan legislation would strengthen access to affordable funding for local infrastructure projects and further the vital role the FHLBanks play in channeling private capital through their members to support community investment. Click here to learn more: FHLBank Issue Brief – The Municipal Investment and Neighborhood Transformation Act
