Apartment Industry Comments on FHFA Housing Goals for 2018-2020


Copyright: Grand Warszawski

NMHC/NAA submitted a comment letter to the Federal Housing Finance Agency (FHFA) on the proposed housing goals for Fannie Mae and Freddie Mac (GSEs) covering the period 2018 through 2020.  


As previously covered, FHFA’s proposed housing goals over the period 2018-2020 are as follows: 


  • The production cap remains at $36.5 billion for each GSE
  • Loans that are excluded from counting towards the cap remain unchanged. They include:
  • Targeted affordable loans
  • Small multifamily
  • Blanket loans on manufactured housing
  • Blanket loans on senior housing and assisted living
  • Loans in rural areas
  • Loans to finance energy or water efficiency
  • Market rate affordable loans at various AMI’s
  • Low-Income Housing goal - 315,000 units annually (an increase from 300,000 units)
  • Very Low-Income goal - 60,000 units annually
  • Small Multifamily Low-Income goal - 10,000 units annually

In the letter, NMHC/NAA supported these goals as fair and balanced over the Plan period. In the submission, we also encouraged FHFA to identify and analyze methodologies that eliminate the need to forecast the size of the market each year in setting housing goals.