Climate Change Data

Federal Home Loan Banks

Climate Impact & Sustainability Data (2022)

Reporting Period: 2022

Environmental Metrics

ESG Focus Areas

  • Affordable Housing
  • Community Development
  • Diversity & Inclusion
  • Risk Management
  • Governance

Social Achievements

  • Provided $1.6 billion in funding through the Affordable Housing Program (AHP) between 2018-2022.
  • In 2022, funded more than 62,950 mortgages, including over 8,800 first-time homebuyers.
  • Provided $3.6 billion to members in funding through the Community Investment Program (CIP) in 2022, supporting affordable housing and economic development.
  • Created and retained more than 10,250 jobs in 2022 through economic development initiatives.
  • Provided over $630,000 through the Disaster Reconstruction Program (DRP) in 2022, benefiting 40 households.
  • Disbursed more than $2.6 million in Welcome Home grants in 2022, helping 559 families become homeowners.
  • 44% of the workforce were women and 38% were minority employees in 2022.
  • Increased diverse dealer issuance volume to $728 billion in 2022, from $301 billion in 2021.
  • Spent $89 million with diverse vendors in 2022.

Governance Achievements

  • Robust and independent federal regulatory oversight by the Federal Housing Finance Agency (FHFA).
  • Follows the Three Lines Model of risk management.
  • Each FHLBank has an audit committee, a risk committee, and a human resources or compensation committee.

Climate Goals & Targets

Short-term Goals:
  • Launch Lift Up Homeownership Program in 2023 to provide down payment and closing cost assistance grants to people of color.

Environmental Challenges

  • Heirs' property challenges limiting access to generational wealth.
  • Barriers to homeownership for low- and moderate-income households.
  • Funding needs for small businesses.
  • Economic hardship caused by natural disasters.
  • The COVID-19 pandemic's impact on communities and businesses.
Mitigation Strategies
  • Established the Heirs’ Property Prevention and Resolution Grant Initiative.
  • Provided down payment assistance and homebuyer education programs.
  • Created the Community Investment Cash Advance (CICA) and other district-specific programs.
  • Developed disaster recovery programs (e.g., DRA, DRP).
  • Provided flexible funding options and collateral relief during the COVID-19 pandemic (e.g., RISE Program).

Supply Chain Management

Responsible Procurement
  • Partnerships with diverse vendors

Climate-Related Risks & Opportunities

UN Sustainable Development Goals

  • SDG 1: No Poverty
  • SDG 8: Decent Work and Economic Growth
  • SDG 10: Reduced Inequalities
  • SDG 11: Sustainable Cities and Communities

The FHLBanks' programs contribute to these goals by promoting affordable housing, economic development, and job creation, particularly in underserved communities.

Awards & Recognition

  • NACD DE&I Award™ (FHLBank San Francisco)