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2022-2024 Enterprise Housing Goals Proposed Rule

Open Date:
Open for comment 8/18/2021
Deadline:
All comments are due by 10/25/2021
Type:
Notice of Proposed Rulemaking
Number:
RIN-2590-AB12
Group:
Mortgage; Fannie Mae; Freddie Mac
Fannie Mae; Freddie Mac
Document Number:
2021-18008
CFR:
12 CFR Part 1282
CFR Description:
Enterprise Housing Goals and Mission
Federal Register Publish Date:
View Document:
/SupervisionRegulation/Rules/RuleDocuments/2022-2024 EHGs NPR to Fed Reg_website.pdf|453.25 KB;
Contact Information:

FOR FURTHER INFORMATION CONTACT:  Ted Wartell, Associate Director, Housing & Community Investment, Division of Housing Mission and Goals, (202) 649-3157, Ted.Wartell@fhfa.gov; Padmasini Raman, Supervisory Policy Analyst, Housing & Community Investment, Division of Housing Mission and Goals, (202) 649-3633, Padmasini.Raman@fhfa.gov; Kevin Sheehan, Associate General Counsel, Office of General Counsel, (202) 649-3086, Kevin.Sheehan@fhfa.gov; or Marshall Adam Pecsek, Assistant General Counsel, (202) 649-3380, Marshall.Pecsek@fhfa.gov.  These are not toll-free numbers.  The mailing address is:  Federal Housing Finance Agency, 400 Seventh Street, SW., Washington, DC 20219.  The telephone number for the Telecommunications Device for the Deaf is (800) 877-8339.

Related Documents:
/PolicyProgramsResearch/Research/PaperDocuments/Market-Estimates_2022-2024.pdf|1.93 MB;

There are currently no related dockets for the selected rule.

SUMMARY:  The Federal Housing Finance Agency (FHFA) is issuing a proposed rule with request for comments on the housing goals for Fannie Mae and Freddie Mac (the Enterprises) for 2022 through 2024.  The Federal Housing Enterprises Financial Safety and Soundness Act of 1992 (the Safety and Soundness Act) requires FHFA to establish annual housing goals for mortgages purchased by the Enterprises.  The housing goals include separate categories for single-family and multifamily mortgages on housing that is affordable to low-income and very low-income families, among other categories.

The existing housing goals for the Enterprises include benchmark levels through the end of 2021.  This proposed rule would establish new benchmark levels for the housing goals and subgoals for 2022 through 2024.  The proposed rule would also replace the low-income areas subgoal with separate area-based subgoals targeting the individual components of the low-income areas subgoal (minority census tracts and low-income census tracts).  Finally, the proposed rule would make several technical changes to definitions and other provisions to conform the regulation to existing practice.

DATES:  FHFA will accept written comments on the proposed rule that are received on or before October 25, 2021.

Submit a Comment
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