August 19, 2015

The Federal Housing Finance Agency (FHFA) adopted a final rule on Fannie Mae and Freddie Mac goals for single-family and multifamily housing for 2015 through 2017. The rule sets identical benchmarks for both government-sponsored enterprises in all categories and establishes goals for the first time for rental units available to low-income families in small properties (five to 50 units). The rule also establishes goals for home purchases and refinances for different levels of low-income families and areas. It also sets goals for the number of multifamily units financed by Fannie Mae and Freddie Mac at different levels of low-income housing. The final rule will become effective 30 days after publication in the Federal Register.