FHFA Announces One-Year Extension of Multifamily Goals

On July 20, FHFA released a proposed rule extending the multifamily housing goals for Fannie Mae and Freddie Mac through 2021.

Rather than releasing a three-year goal as part of the proposal (as it has in the past), FHFA cited the COVID-19 pandemic to explain why they were releasing a short-term, one-year goal proposal. The multifamily housing goals are in line with the current requirements requiring that at least 315,000 units financed by the Agencies must be made available to low-income tenants, with 60,000 set aside for very low-income tenants.

More details can be found here. For more details on FHFA and NMHC’s recent advocacy efforts, please visit the NMHC Advocacy webpage.

Dave Borsos dborsos@nmhc.org

Bernard Fulton bfulton@nmhc.org

NMHC-NAA Letter to FinCEN on Beneficial Ownership Request for Comments
NMHC Applauds Recent FHFA Actions
Main St. Employers Coalition Letter to FinCEN on the Corporate Transparency Act (CTA)
GSEs and Housing Finance Reform Fact Sheet
NMHC and NAA Letter to President Trump on Regulatory Reform

FHFA Announces One-Year Extension of Multifamily Goals

July 21, 2020

Staff Resource

Related Articles