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2023-2024 Multifamily Enterprise Housing Goals Proposed Rule

Open Date:
Open for comment 8/16/2022
Deadline:
All comments are due by 10/17/2022
Type:
Notice of Proposed Rulemaking
Number:
RIN-2590-AB21
Group:
 
Fannie Mae; Freddie Mac
Document Number:
2022-17868
CFR:
12 CFR Part 1282
CFR Description:
PART 1282—ENTERPRISE HOUSING GOALS AND MISSION
Federal Register Publish Date:
View Document:
/SupervisionRegulation/Rules/RuleDocuments/MF Housing Goals Proposed Rule for Web.pdf|351.19 KB;
Contact Information:

​​FOR FURTHER INFORMATION CONTACT: Ted Wartell, Associate Director, Housing and Community Investment, Division of Housing Mission and Goals, (202) 649- 3157, Ted.Wartell@fhfa.gov; Padmasini Raman, Supervisory Policy Analyst, Housing and 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. These are not toll-free numbers. The mailing address is: Federal Housing Finance Agency, 400 Seventh Street, SW., Washington, DC 20219. For TTY/TRS users with hearing and speech disabilities, dial 711 and ask to be connected to any of the contact numbers above.

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​SUMMARY: The Federal Housing Finance Agency (FHFA or the Agency) is issuing a proposed rule with request for comments on the multifamily housing goals for Fannie Mae and Freddie Mac (the Enterprises) for 2023 and 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. Under FHFA’s existing housing goals regulation, the multifamily housing goals for the Enterprises include benchmark levels through the end of 2022 based on the total number of affordable units in multifamily properties financed by mortgage loans purchased by the Enterprise each year. This proposed rule would amend the regulation to establish benchmark levels for the multifamily housing goals for 2023 and 2024 based on a new methodology – the percentage of affordable units in multifamily properties financed by mortgages purchased by the Enterprise each year.

​DATES: FHFA will accept written comments on the proposed rule on or before October 17, 2022.​

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