OnthemarketBlog YouTube @property1 @onthemarketblog

Washington, D.C.  – The Federal Housing Finance Agency (FHFA) has adopted a final rule establishing single-family and multifamily housing goals for Fannie Mae and Freddie Mac (the Enterprises) for 2015 through 2017. The final rule was adopted  after FHFA considered more than 144 comments on a proposed housing goals rule issued in August 2014. The final rule will become effective 30 days after publication in the Federal Register. The Federal Housing Enterprises Financial Safety and Soundness Act of 1992, as amended by the Housing and Economic Recovery Act of 2008, requires FHFA to establish annual housing goals for mortgages purchased by the Enterprises. The final rule sets identical benchmarks for both Enterprises in all categories and establishes goals for the first time, for rental units affordable to low-income families in small (5- to 50-unit) multifamily properties. “The single-family goals advance the Enterprises’ statutory missions to provide access to...