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Duty to Serve Program


Federal law requires the Federal Housing Finance Agency (FHFA) to issue a regulation to implement the Duty to Serve requirements specified in the Federal Housing Enterprises Financial Safety and Soundness Act of 1992, as amended by the Housing and Economic Recovery Act of 2008.  The statute requires Fannie Mae and Freddie Mac (the Enterprises) to provide leadership to facilitate a secondary market for mortgages on housing for very low-, low-, and moderate-income families in three underserved markets specified in the statute:

  • Manufactured housing
  • Affordable housing preservation
  • Rural housing

FHFA has issued a final rule that takes into consideration underserved markets needs and safety and soundness.


Timeline »

Click to view the Duty to Serve Program timeline.

Proposed Underserved Markets Plans

Below are links to Fannie Mae's and Freddie Mac's (the Enterprises) proposed Underserved Markets Plans (Plans).  The proposed Plans describe specific activities and objectives each Enterprise proposes to undertake from 2018-2020 to fulfill its Duty to Serve obligations in each underserved market - manufactured housing, affordable housing preservation, and rural markets. The final Plans must receive a non-objection letter from FHFA. The activities and objectives in the Plans may be subject to change based on factors including public input, FHFA comments, compliance with the Enterprises' Charter Acts, safety and soundness considerations, and market or economic conditions. 

The public input period closed on July 10, 2017. FHFA and the Enterprises continue to iterate on the proposed Plans, with the goal of finalizing the Plans so that they become effective by January 1, 2018. 

Fannie Mae Proposed Underserved Markets Plan
Freddie Mac Proposed Underserved Markets Plan

Submit / View Public Input



About Us

Matt Douglas
Duty to Serve Assistant Program Manager

Jim Gray
Duty to Serve Program Manager

Leah P. Kehoe
Duty to Serve Policy Development Specialist

Mary Owens
Duty to Serve Affordable Multifamily Specialist

Shiv Rawal
Duty to Serve Affordable Rural Specialist

Geenae R. Rivera Soto
Duty to Serve Affordable Single-Family Specialist

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© 2017 Federal Housing Finance Agency