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​Fannie Mae & Freddie Mac Affordable Housing Goals

 

Housing Goals Overview

Under the Federal Housing Enterprises Financial Safety and Soundness Act of 1992, as amended by the Housing and Economic Recovery Act of 2008, Fannie Mae and Freddie Mac are subject to affordable housing goals covering their purchases of single-family mortgages and multifamily mortgages. 

FHFA proposed Enterprise Housing Goals for 2018-2020 on June 29, 2017.  Comments on the rule were due by September 5, 2017.

On September 3, 2015, FHFA published a final rule establishing housing goals for calendar years 2015-2017.

FHFA proposed 2015-2017 Enterprise Housing Goals on August 29, 2014. Comments on the rule were due by October 28, 2014.

On November 13, 2012, FHFA published a final rule establishing housing goals for calendar years 2012-14.

Single-Family Housing Goals

There are three single-family housing goals for home purchase mortgages (plus one subgoal) and one single-family housing goal for refinance mortgages.

The single-family home purchase (HP) housing goals are based on the percentage of the total number of home purchase mortgages that an Enterprise purchases each year that are for families in the following categories:

  • Low-income families (income no greater than 80 percent of area median income);

  • Very low-income families (income no greater than 50 percent of area median income); and

  • Families in low-income areas (LIA).

The single-family refinance housing goal is based on the percentage of the total number of refinance mortgages that an Enterprise purchases each year that are for low-income families (income no greater than 80 percent of area median income).

FHFA is required to estimate the size of the mortgage market in order to establish benchmarks for Fannie Mae and Freddie Mac single-family mortgage housing goals.

Multifamily Housing Goals

There are three multifamily housing goals:  a goal for the total number of units affordable to low-income families (income no greater than 80 percent of area median income), a goal for the total number of units affordable to very low-income families (income no greater than 50 percent of area median income), and a goal for the total number of units in small (5- to 50-unit) multifamily properties affordable to low-income families.

Housing Goals Performance

Learn more about Fannie Mae's and Freddie Mac's Housing Goals performance.

Housing Goals Credit for Specific Products

Group Homes

Fannie Mae (2/25/2016)

Freddie Mac (2/25/2016)

Seniors Housing

Fannie Mae (11/2/2015)

Freddie Mac (11/2/2015)

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