The Housing Partnership Network (HPN) appreciates this opportunity to provide
comments on the Notice of Proposed Rulemaking covering membership in the Federal
Home Loan Bank system (RIN 2590-AA39) published in the Federal Register on September
12, 2014. We have serious concerns about the potential adverse effects of the rule on the
housing and community development sector. We urge the Federal Housing Finance
Agency (FHFA) to reconsider the rule. 

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