On November 29th, the Federal Housing Finance Agency (FHFA) published their Final Evaluation Guidance for the Duty to Serve Program. In announcing the final guidance, FHFA stated:

After considering public input, the Federal Housing Finance Agency (FHFA) has published its final Evaluation Guidance for the Duty to Serve Program. FHFA’s Evaluation Guidance communicates FHFA’s expectations regarding the process for developing Fannie Mae and Freddie Mac’s (the Enterprises) Underserved Markets Plans, the standard for FHFA to issue a “Non-Objection” to the Plans, and the process by which FHFA will evaluate the Plans and report to Congress the Enterprises’ achievements under their Plans each year.

The Underserved Markets Plans, that propose the activities the Enterprises will undertake over a three year period to support housing finance in the manufactured housing, affordable housing preservation, and rural housing markets, are scheduled to be finalized before the end of the year.  As we move forward and begin to implement and assess the final plans, we will continue to seek your feedback. Please continue to contact us at dutytoservestakeholders@fhfa.gov.

For more information on the Duty to Serve program, click here.