Duty to Serve Underserved Markets for Enterprises

Date

12/29/2016

Number

RIN-2590-AA27

Group

Fannie Mae

Freddie Mac

CFR

12 CFR 1282

Effective Date

Mon, 01/30/2017 - 12:00

Enterprise Duty to Serve Underserved Markets Proposed Rule

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 Additionally, the TDD 1-(800) number referenced in Rulemaking documents attached to this page is obsolete and the 7-1-1 number should be used.

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

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

216 items

CSV

Date Sort ascending	First Name	Last Name	Organization	Comment
03/15/16	Bryan	Brown	Columbus Metropolitan Housing Authority (CMHA)	See attached comment Email: N/A Attachment: N/A
03/15/16	Peter and Claire	Driscoll	N/A	See attached Email: N/A Attachment: N/A
03/15/16	Nadine	Cohen	Greater Boston Legal Services	See attached Email: N/A Attachment: N/A
03/15/16			Southport Springs 723 HOA Board of Directors	See attached Email: N/A Attachment: N/A
03/14/16	Jean	Elliott	N/A	Fannie Mae and Freddie Mac should develop an energy efficiency standar… Email: jean_elliott@juno.com Attachment: N/A
03/14/16	Kirsten	Johnson-Obey	NeighborWorks America	NeighborWorks America is pleased to submit the attached letter on FHFA… Email: KJohnson-Obey@nw.org Attachment: N/A
03/14/16	DJ	Pendleton	Texas Manufactured Housing Association	See attachment Email: dpendleton@texasmha.com Attachment: N/A
03/14/16	Melora	Hiller	Grounded Solutions Network	Grounded Solutions Network was formerly the National Community Land Tr… Email: mhiller@groundedsolutions.org Attachment: N/A
03/14/16	Mike	Kerstetter	N/A	I believe it is very important to ensure that homes (and especially lo… Email: N/A Attachment: N/A
03/14/16	Hal	Keller	Ohio Capital Corporation for Housing	Alfred M. Pollard General Counsel Federal Housing Finance Agency Submi… Email: HKeller@occh.org Attachment: N/A
03/14/16	Phillip	Norman-2	N/A	See attached comment Email: N/A Attachment: N/A
03/14/16	Richard	Ernst	Financial Marketing Associates, Inc.	See attached comment Email: N/A Attachment: N/A
03/14/16	Chris	DeShazer	Clayton Homes #112	See attached comment Email: N/A Attachment: N/A
03/14/16	Mark	Duran	New Mexico Manufactured Housing Association	See attached comment Email: N/A Attachment: N/A
03/14/16	Ronald	Breymier	Indiana Manufactured Housing Association	See attached comment Email: N/A Attachment: N/A
03/12/16	Howell	Adams	N/A	We really need to make sure that low-income homes are as energy effici… Email: bgingram@aol.com Attachment: N/A
03/11/16	Stanford	Fraser	N/A	March 11, 2016 Alfred M. Pollard, Esq. General Counsel Federal Housing… Email: sfraser@jd16.law.harvard.edu Attachment: N/A
03/11/16	Michael	Parham	MHCA and MHIA	Please see attached supplemental comments. Email: TrailerParkLawyer@gmail.com Attachment: View Attachment
03/11/16	Phillip	Norman	N/A	See attached comment Email: N/A Attachment: N/A
03/11/16	Elaine	Gauck	Lake Terrace Park, Inc.	See attached comment Email: N/A Attachment: N/A
03/11/16	Judi	Kidder	N/A	Alaska needs to be put on the high need rural area as well. Remote co… Email: xxena@gci.net Attachment: N/A
03/11/16	David	Gasson	Boston Capital	Submission to request for comments re: Duty To Serve Email: N/A Attachment: View Attachment
03/10/16	Antonio	Reyes	N/A	I would like to see energy efficiency ratings such as the HERS rating… Email: N/A Attachment: N/A
03/10/16	Ted	Kidd	Energy Efficiency Specialists, LLC	Question 55. What, if any, ongoing monitoring should be required to me… Email: tedkidd@eesny.com Attachment: N/A
03/10/16	Ted	Kidd	Energy Efficiency Specialists, LLC	If the residual market value curve does not follow the assett deprecia… Email: tedkidd@eesny.com Attachment: N/A

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