FHFA Establishes Housing Goals for Next Two Years

Feb 07, 2018

Do you agree with me that today’s housing supply has narrowed, and mortgage demand is uncertain

The Federal Housing Finance Agency (FHFA) has published a final rule establishing Fannie Mae and Freddie Mac’s new single-family and multifamily housing goals for 2018 through 2020.

The single-family housing goals remain unchanged, with the FHFA mandating Fannie Mae and Freddie Mac to a benchmark level of 24 percent for low-income home purchases, six percent for very low-income home purchases, 14 percent for low-income areas home purchase sub-goals and 21 percent for overall low-income refinancings.

For multifamily housing goals, the FHFA established a low-income goal of 315,000 units, up from the 300,000 for the 2015-2017 benchmark level period. The very low-income sub-goal is 60,000 units, the same as the 2015-2017 period, while the Small Multifamily low-income sub-goal is 10,000 units, unchanged from 2017 but higher than the 8,000 level in in 2016 and 6,000 in 2015.

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Phil Hall

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Feb 07, 2018

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