In a press statement issued on Friday, August 29, the Federal Housing Finance Agency (FHFA) announced its proposed rule for housing goals for Fannie Mae and Freddie Mac for 2015, 2016, and 2015. The current goals are in effect through the end of 2014. FHFA is seeking comments on the proposed rule by October 28, 2014.
According to the press release, FHFA is proposing three methods of determining the single family goals and would like comments on all three. On low and very low income multifamily goals, FHFA is proposing no changes for Fannie Mae, but would increase those for Freddie Mac over the three year period.
The proposed rule also includes a new subgoal for small multifamily rental properties (5-50 units). Expanding the secondary market for this important segment of the rental housing supply is seen as a way to address the shortage of affordable rental housing.
To read the press statement and access the proposed rule, go to: http://1.usa.gov/1ppXceu.