2018-2020 Enterprise Housing Goals Proposed Rule-Corrected

SUMMARY: The Federal Housing Finance Agency (FHFA) is issuing a proposed rule on the housing goals for Fannie Mae and Freddie Mac (the Enterprises) for 2018 through 2020. 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 for each housing goal through the end of 2017. This proposed rule would establish benchmark levels for each of the housing goals and subgoals for 2018 through 2020. In addition, the proposed rule would make a number of clarifying and conforming changes, including revisions to the requirements for the housing plan that an Enterprise may be required to submit in response to a failure to achieve one or more of the housing goals.

The comment period on the proposed rule will close September 5, 2017.

[Note that a correction to the Proposed Rule document appearing on pages 31009 through 31030 in the issue of Wednesday, July 5, 2017 was withdrawn from public inspection and published in error. It was removed and was republished Friday, July 7, 2017.]