FHFA PROPOSES 2022-2024 HOUSING GOALS FOR FANNIE MAE AND FREDDIE MAC

摘要

The Federal Housing Finance Agency (FHFA) has proposed housing goals for Fannie Mae and Freddie Mac (the Government Sponsored Enterprises, or "GSEs") for 2022 to 2024. The proposed housing goals are designed to ensure that the GSEs responsibly promote equitable access to affordable housing that reaches low- and moderate-income families, minority communities, rural areas, and other underserved populations. This year, FHFA is proposing two new single-family home purchase subgoals to replace the existing low-income areas subgoal. One new subgoal targets minority communities; the other continues to target low-income neighborhoods. The new minority census tract subgoal is designed to improve access to fair and sustainable mortgage financing in communities of color. A mortgage qualifies under the new subgoal if: 1.the borrower has an income at or below area median income (AMI); and 2.the property is in a census tract where the median income is below AMI and minorities make up at least 30% of the population.