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​Fannie Mae & Freddie Mac Affordable Housing Goals​

News:

FHFA Releases Proposed Rule

Learn more about the Proposed Rule for 2022-2024.

"The Size of the Affordable Mortgage Market:  2022 - 2024 Enterprise Single-Family Housing Goals" details the methodology used to estimate the market size for the Enterprise single-family housing goals.

Learn more about where low-income census tracts and minority census tracts are located​.

FHFA Releases Housing Goals Data

Learn more about Enterprise housing goals data.


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.  

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: goal and subgoal.

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.


Resources 

Housing Goals Performance​

​Learn more about Fannie Mae's and Freddie Mac's housing goals performance.
Annual Housing Report


Housing Goals Data

Learn more about Fannie Mae's and Freddie Mac's housing goals data​.


Housing Goals Rule Documents

Housing Goals Proposed Rule for 2022-2024

Housing Goals Final Rule for 2021
Housing Goals Final Rule for 2018-2020

Enterprise Reports

Fannie Mae Housing Goal Annual Housing Activity Reports and Determinations
Freddie Mac Housing Goal Annual Housing Activity Reports and Determinations


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Page last updated September 2, 2020

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