---
kind: "section"
citation: "12 C.F.R. § 1264.3"
title: "12"
number: "1264.3"
heading: "Housing associate eligibility requirements."
url: "https://uscodex.org/cfr/12/1264.3"
---

# §1264.3. Housing associate eligibility requirements.

- (a) **General.** A Bank may certify as a housing associate any applicant that meets the following requirements, as determined using the criteria set forth in [§ 1264.4](/cfr/12/1264.4.md):
  - (1) The applicant is approved under title II of the National Housing Act ([12 U.S.C. 1707](/usc/12/1707.md), et seq.);
  - (2) The applicant is a chartered institution having succession;
  - (3) The applicant is subject to the inspection and supervision of some governmental agency;
  - (4) The principal activity of the applicant in the mortgage field consists of lending its own funds; and
  - (5) The financial condition of the applicant is such that advances may be safely made to it.
- (b) **State housing finance agencies.** In addition to meeting the requirements in [paragraph (a)](#a) of this section, any applicant seeking access to advances as a SHFA pursuant to [§ 1266.17(b)(2)](/cfr/12/1266.17.md?p=b-2) of this chapter shall provide evidence satisfactory to the Bank, such as a copy of, or a citation to, the statutes and/or regulations describing the applicant's structure and responsibilities, that the applicant is a state housing finance agency as defined in [§ 1264.1](/cfr/12/1264.1.md).

## Notes

### Amendments

[65 FR 44426, July 18, 2000, as amended at 75 FR 8240, Feb. 24, 2010; 75 FR 76622, Dec. 9, 2010]

### Authority

Authority: 12 U.S.C. 1430b, 4511, 4513 and 4526.

### Source

Source: 65 FR 44426, July 18, 2000, unless otherwise noted. Redesignated at 75 FR 8240, Feb. 24, 2010.

### Amendments

[65 FR 44426, July 18, 2000, as amended at 75 FR 8240, Feb. 24, 2010; 75 FR 76622, Dec. 9, 2010]