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Publication Details
Type
Proposed Rulemaking
Document Number
2015-31811
Federal Register Publish Date
12/18/2015
Federal Register Citation
Comment Open Date
12/18/2015
Comment End Date
03/17/2016
Comment Status
Closed
Rulemaking Details
Rulemaking

Enterprise Duty to Serve Underserved Markets Proposed Rule

Contact Information

​FOR FURTHER INFORMATION CONTACT: Jim Gray, Manager, Office of Housing and Regulatory Policy, (202) 649-3124, or Mike Price, Senior Policy Analyst, Office of Housing and Regulatory Policy, (202) 649-3134. These are not toll-free numbers. The mailing address for each contact is: Federal Housing Finance Agency, 400 7th Street, SW., Washington, DC 20219. If you are deaf, hard of hearing, or have a speech disability, please dial 7-1-1 to access telecommunications relay services. Additionally, the TDD 1-(800) number referenced in Rulemaking documents attached to this page is obsolete and the 7-1-1 number should be used.​

Summary

PLEASE NOTE: Comments submitted will not be immediately viewable. To confirm your comment was received, contact FHFAWebMaster@fhfa.gov or call (202)649-3031.

SUMMARY: The Housing and Economic Recovery Act of 2008 (HERA) amended the Federal Housing Enterprises Financial Safety and Soundness Act of 1992 (Safety and Soundness Act) to establish a duty for the Federal National Mortgage Association (Fannie Mae) and the Federal Home Loan Mortgage Corporation (Freddie Mac) (collectively, the Enterprises) to serve three specified underserved markets—manufactured housing, affordable housing preservation, and rural markets—to increase the liquidity of mortgage investments and improve the distribution of investment capital available for mortgage financing for very low-, low-, and moderate-income families in those markets. The Federal Housing Finance Agency (FHFA) is issuing and seeking comments on a proposed rule that would provide Duty to Serve credit for eligible Enterprise activities that facilitate a secondary market for mortgages related to: manufactured homes titled as real property; blanket loans for certain categories of manufactured housing communities; preserving the affordability of housing for renters and homebuyers; and housing in rural markets. The proposed rule would establish a method for evaluating and rating the Enterprises’ compliance with the Duty to Serve each underserved market.

The Proposed Rule was released to the public via agency website on December 15, 2015.

Public Comments people-icon

Below are a compilation of public comments made on this publication.

216 items
file download iconCSV
Date First Name Last Name Organization Comment
Lesli Gooch Manufactured Housing Institute (MHI)
See attached Recommendations letter
Email: N/A
Attachment: N/A
FHFA FHFA Summary of Follow-up Roundtable between FHFA and Rural Housing Market Stakeholders
See attached summary
Email: N/A
Attachment: View Attachment
FHFA FHFA Summary of Roundtable between FHFA and Manufactured Housing Industry Stakeholders
See attached summary
Email: N/A
Attachment: View Attachment
FHFA FHFA Summary of Roundtable between FHFA and Financial Services Stakeholders
See attached summary
Email: N/A
Attachment: View Attachment
FHFA FHFA Summary of Roundtable between FHFA and Consumer, Civil Rights, Affordable Housing and Energy Efficiency Stakeholder Groups
See attached summary
Email: N/A
Attachment: View Attachment
FHFA FHFA Summary of Roundtable between FHFA and Rural Housing Market Stakeholders
See attached summary
Email: N/A
Attachment: View Attachment
FHFA FHFA FHFA - Form Letter 1
FHFA has received 10 submissions from individuals and entities on the…
Email: N/A
Attachment: N/A
FHFA FHFA FHFA - Form Letter 2
FHFA has received 1,229 submissions from individuals and entities on t…
Email: N/A
Attachment: N/A
FHFA FHFA FHFA - Form Letter 3
FHFA has received 11 submissions from individuals and entities on the…
Email: N/A
Attachment: N/A
FHFA FHFA FHFA - Form Letter 4
FHFA has received 116 submissions from individuals and entities on the…
Email: N/A
Attachment: N/A
Joe Donnelly Member of Congress
See attached comment from Senator Joe Donnelly and Stephen Fincher, Me…
Email: N/A
Attachment: N/A
Robert Rutkowski N/A
See attached comment
Email: N/A
Attachment: N/A
Thomas Callahan Massachusetts Affordable Housing Alliance
See attached
Email: N/A
Attachment: N/A
Christopher Hamilton Mr.
My wife and I got solar on our roof last year and we're happily reapin…
Email: dediemar@sbcglobal.net
Attachment: N/A
David Silberman Consumer Financial Protection Bureau (CFPB)
The Consumer Financial Protection Bureau (CFPB) is committed to ensuri…
Email: monique.chenault@cfpb.gov
Attachment: N/A
Isaac Simon Hodes Lynn United for Change Empowerment Project
Please see attached letter regarding the Proposed Rule.
Email: isaac@LynnUnited.org
Attachment: N/A
Debby Goldberg National Fair Housing Alliance
Attached please find the comments of 47 private, non-profit, local fai…
Email: dgoldberg@nationalfairhousing.org
Attachment: N/A
Jonathan Harwitz Low Income Investment Fund
Comments are attached.
Email: jharwitz@liifund.org
Attachment: N/A
John Dalton Housing Policy Council (HPC) of the Financial Services Roundtable
See attached comment
Email: N/A
Attachment: N/A
Jenny Hsu National Association of Housing and Redevelopment Officials (NAHRO)
On behalf of the National Association of Housing and Redevelopment Off…
Email: jhsu@nahro.org
Attachment: N/A
Tom Salomone Trade Group - National Association of Realtors (NAR)
Comments Attached.
Email: cdawson@realtors.org
Attachment: N/A
Dana Boole Community Affordable Housing Equity Corporation (CAHEC)
See attached comment
Email: N/A
Attachment: N/A
The Council of Large Public Housing Authorities (CLPHA), Reno & Cavanaugh, PLLC and the RAD Collaborative
See attached comment
Email: N/A
Attachment: N/A
Kathy Brown Boston Tenant Coalition
see attached letter
Email: kathy@bostontenant.org
Attachment: N/A
David Reiss Brooklyn Law School
See attached comment
Email: N/A
Attachment: N/A