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FHFA Announces 2021 Affordable Housing Goals for GSEs; Unchanged from 2018-2020

Wednesday, December 16, 2020 - 9:15AM

The Federal Housing Finance Agency (FHFA) today announced affordable housing goals for 2021 for government-sponsored entities (GSEs) Fannie Mae and Freddie Mac. Due to pandemic-related economic uncertainty, the FHFA announced only goals for 2021, which remain the same as those for 2018-2020. For 2021, the GSE’s benchmark levels are to purchase mortgages on low-income properties with 315,000 units, very-low-income properties with 60,000 units and low-income small multifamily properties with 10,000 units. The FHFA also published an advance notice of proposed rulemaking (ANPR), seeking input on issues that it may address in future housing goals rulemaking. The deadline to submit responses on the ANPR is Feb. 28, 2021.

Affordable housing issues will be in focus at the Novogradac 2021 RAD Public Housing Virtual Conference, Jan. 14-15, 2021.

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