The FHLBank Pittsburgh has announced its 2017 funding round for the Affordable Housing Program. The funding round will open on June 6 and there is approximately $23 million in funding available for 2017. Applicants may apply for a maximum of $650,000 per development. Applications are due on August 10 and awards will be announced on December 14.

In April 2015, the Financial Accounting Standards Board (FASB) released Accounting Standards Update (ASU) 2015-03, Simplifying the Presentation of Debt Issuance Costs. The purpose behind the release of this ASU was to reduce the complexity surrounding the disclosure of debt issuance costs and debt discounts and premiums and, in turn, provide the users of financial statements with more useful information.