Copyright: Frontpage
FHFA published a final rule on February 6 that establishes new housing goals for Fannie Mae and Freddie Mac for 2018 through 2020. A comparison of the 2015-2017 and 2018-2020 goals can be found below:
|
Multifamily Goals |
||
|
Multifamily Goals |
Benchmark Level |
Benchmark Final Rule |
|
Low-Income Goal |
300,000 units |
315,000 units |
|
Very Low-Income Subgoal |
60,000 units |
60,000 units |
|
Small Multifamily Low-Income Subgoal |
2015: 6,000 2016: 8,000 2017: 10,000 units |
10,000 units |
As noted in a comment letter NMHC/NAA submitted in September, 2017, the apartment industry believes FHFA’s “housing goals are balanced and fair,” though we also recommended FHFA reevaluate whether to quantify the housing goals by unit count as opposed to percentage of business. FHFA noted they were constrained because of existing data, but also that they encourage ways to expand data sources.
More on FHFA can be found here.
Related Articles
- NMHC NAA Letter on FHFA Oversight Hearing
- NMHC Weighs in with FHFA Regarding Proposed Enterprise Plans
- NMHC and NAA Comment Letter on Enterprise 2022-2024 Goals
- NMHC and NAA Letter Regarding Enterprise Capital Requirements - August 2020
- HUD Issues Forbearance Guidance and Outlines Tenant Protections