FHFA Proposes 2018-2020 Housing Goals for Fannie, Freddie
The Federal Housing Finance Agency (FHFA) today proposed annual housing goals for 2018-2020 for Fannie Mae and Freddie Mac, including an increase in the number of low-income multifamily properties financed. Under the proposed goals, Fannie and Freddie would provide mortgages for 315,000 low-income multifamily units per year, 15,000 more than the 2015-2017 goal. The number of very-low-income and low-income small multifamily properties financed would remain the same: 60,000 and 10,000 respectively. The FHFA requests comment on the proposed rules, which also include single-family housing goals.