FHFA Proposes New Housing Goals

Jun 29, 2017

The Federal Housing Finance Agency (FHFA) has proposed a rule that would establish new single-family and housing goals for Fannie Mae and Freddie Mac for 2018 through 2020.

In the single-family housing sector, the FHFA is maintaining three of its four current initiatives: a low-income home purchase goal of 24 percent, a very low-income home purchase goal of six percent and a low-income refinance goal of 21 percent. Only the low-income areas home purchase sub-goal would change, from the current 14 percent to a new 15 percent target.

In the multifamily sector, the FHFA proposed keeping its current very low-income goal of 60,000 unites and its low-income small multifamily sub-goal of 10,000, but would increase its low-income goal from 300,000 to 315,000 units.

The FHFA asked interested parties to submit comments on this proposed rule within 60 days of its publication in the Federal Register.

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Phil Hall

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Jun 29, 2017

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