This annual report describes FHFA's accomplishments, as well as challenges, the agency faced in meeting the strategic goals and objectives during the past fiscal year.
Read about the agency’s 2022 examinations of Fannie Mac, Freddie Mac and the Home Loan Bank System.
Submit comments and provide input on FHFA Rules Open for Comment by clicking on Rulemaking and Federal Register.
As conservator, FHFA is focused on ensuring that each Enterprise builds capital and improves its safety and soundness.
Operate the business in a safe and sound manner.
Promote sustainable and equitable access to affordable housing.
FHFA experts provide reliable data, including all states, about activity in the U.S. mortgage market through its House Price Index, Refinance Report, Foreclosure Prevention Report, and Performance Report.
FHFA economists and policy experts provide reliable research and policy analysis about critical topics impacting the nation’s housing finance sector. Meet the experts...
FHFA Publishes Final Rule for 2023-2024 Enterprise Multifamily Housing Goals
Learn more about the
FHFA Releases Final Rule for 2022-2024 Single-Family and 2022 Multifamily Goals
Learn more about the 2022-2024 single-family and 2022 multifamily
housing goals final rule.
"The Size of the Affordable Mortgage Market: 2022-2024 Enterprise Single-Family Housing Goals" details the methodology used to estimate the market size for the Enterprise single-family housing goals.
Learn more about where
low income census tracts and minority census tracts are located.
FHFA Releases Housing Goals Data
Learn more about
Enterprise housing goals data.
Housing Goals Overview
Under the Federal Housing Enterprises Financial Safety and Soundness Act of 1992, as amended by the Housing and Economic Recovery Act of 2008, Fannie Mae and Freddie Mac are subject to affordable housing goals covering their purchases of single-family mortgages and multifamily mortgages.
There are three single-family housing goals for home purchase mortgages (plus two subgoals) and one single-family housing goal for refinance mortgages.
The single-family home purchase (HP) housing goals are based on the percentage of the total number of home purchase mortgages that an Enterprise purchases each year that are for families in the following categories:
The single-family refinance housing goal is based on the percentage of the total number of refinance mortgages that an Enterprise purchases each year that are for low-income families (income no greater than 80 percent of area median income).
FHFA is required to
estimate the size of the mortgage market in order to establish benchmarks for Fannie Mae and Freddie Mac single-family mortgage housing goals.
There are three multifamily housing goals and subgoals in the following categories:
A goal for the percentage of units affordable to low-income families (income no greater than 80 percent of area median income);
A subgoal for the percentage of units affordable to very low-income families (income no greater than 50 percent of area median income); and
A subgoal for units in small (5- to 50-unit) multifamily properties affordable to low-income families.
Before 2023, the multifamily goals and subgoals were based on the absolute number of affordable units in multifamily properties financed by mortgages purchased by the Enterprises. Starting in 2023, the multifamily goals and subgoals are based on the percentage of affordable units in multifamily properties financed by mortgages purchased by the Enterprises.
Learn more about Fannie Mae's and Freddie Mac's housing goals performance.Annual Housing Report
Learn more about Fannie Mae's and Freddie Mac's housing goals data.
Housing Goals Final Rule for 2023-2024 Multifamily GoalsHousing Goals Proposed Rule for 2023-2024 Multifamily GoalsHousing Goals Final Rule for 2022-2024 Single-Family and 2022 Multifamily Goals
Fannie Mae Housing Goal Annual Housing Activity Reports and DeterminationsFreddie Mac Housing Goal Annual Housing Activity Reports and Determinations
Fannie MaeFreddie Mac
Affordable Housing and Community Investment page
Page last updated: January 23, 2024
© 2024 Federal Housing Finance Agency