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FHFA Proposes Rule On Underserved Markets

The federal housing finance agency (FHFA) recently issued a proposed rule on a method for evaluating and rating Fannie Mae and Freddie Mac’s compliance with the "duty to serve" underserved markets, including manufactured housing, affordable housing preservation and rural housing.

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Qualifying activities that promote residential economic diversity in one or more underserved markets would also receive Duty to serve credit. fhfa invites interested parties to submit comments on all aspects of the proposed rule within 90 days of publication in the Federal Register via FHFA.gov. (The proposed rule was published on 12/18/2015.

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the FHFA is seeking public input while considering four of Fannie Mae’s 22 proposed modifications each of which would make a substantial change to the content of its Underserved Market Plan. According.

The Federal Housing Finance agency (fhfa) earlier today published fannie Mae’s modified Underserved Market Plan for 2018-2020. Fannie Mae pledges in the new plan to substantially increase its Housing Credit equity investments for properties located in rural areas over the three-year period.

The final rule does not mandate any particular activities, but requires the Enterprises to consider ways to better serve families in the three underserved markets. Underserved Markets Plans Process Under the final rule, Fannie Mae and Freddie Mac will each submit to FHFA a three-year Underserved Markets Plan that describes the activities and.

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FHFA Proposes Rule on Fannie Mae and Freddie Mac Requirements for Underserved Markets . Washington, DC – The Federal Housing Finance Agency (FHFA) has sent to the Federal Register a proposed rule implementing provisions of the Housing and Economic Recovery Act of 2008 (HERA) that establish a duty for Fannie Mae and Freddie Mac (the Enterprises) to

the members of the LIHTC Working Group, we respectfully submit our comments on the Federal Housing Finance Agency (FHFA) Proposed Rule on Enterprises Duty to Serve Underserved Markets (Proposed Rule). This proposed regulation implements the duty for the Federal National Mortgage Association (Fannie Mae) and Federal Home Loan Mortgage.

Fannie and Freddie may be graded on how well they support underserved markets. Proposed FHFA rule sets forth a plan to evaluate how well GSEs fulfill ‘duty-to-serve’ obligations.