The GSEs have a duty to serve lower-income households in underserved markets. The FHFA in December released their long-awaited proposal to implement this directive.. These will hopefully be public-although that’s not in the proposed rule. fhfa has been bold and creative in their statutory interpretation.. the Urban Institute does not.
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.
WASHINGTON – The Federal Housing Finance Agency unveiled a new proposal Tuesday that would detail how Fannie Mae and Freddie Mac should serve three underserved markets. For the rural market, the.
Duty To serve underserved markets for Enterprises. A Proposed Rule by the Federal Housing Finance Agency on 08. To assist FHFA in rulemaking to implement the duty to serve underserved markets, FHFA seeks comment on the characteristics and types of Enterprise transactions and activities that should be considered and how such transactions and.
That’s why the proposed. but the underserved market plans, also known as “Duty to Serve” plans, were required by the 2008 Housing and Economic Recovery Act. It took until December 2016 for the FHFA.
(NLIHC) on the Federal Housing Finance Agency’s (FHFA) proposed Duty to Serve (DTS) rule published on December 18, 2015 in the Federal Register. The proposed rule would implement Fannie Mae and Freddie Mac’s (collectively the Enterprises) duty to serve very low-, low- and moderate-income households in underserved markets.
· On December 19, 2018, the Federal Housing Finance Agency (FHFA) published Fannie Mae and Freddie Mac’s modified Underserved Markets Plans.
serve housing needs of low to moderate income families in underserved markets. Over the past few years, the Federal Housing finance agency (fhfa) proposed regulatory action to implement the Duty To Serve (DTS) statutory requirements and received over 1,500 comments on its 2015 proposed rule.
The 2018-2020 Plans describe specific activities each Enterprise will undertake to fulfill their Duty to Serve obligations in each underserved market. Fannie Mae’s Updated Duty to Serve Plan (7/2019) Freddie Mac’s Updated Duty to Serve Plan (12/2018) Explore Duty to Serve The Markets Noteworthy. On July 2, 2019, the Federal Housing Finance.