Sign Up For Novogradac Industry Alert Emails

FHFA Proposes Same Housing Goals for Fannie, Freddie in 2021 Due to Pandemic

Monday, July 20, 2020 - 9:30AM

The Federal Housing Finance Agency (FHFA) today released a proposed rule with the same housing goals for 2021 for Fannie Mae and Freddie Mac as for 2018-2020. Due to the economic uncertainty related to the COVID-19 pandemic, the FHFA proposed goals for 2021 only, rather than the normal three-year period. The FHFA proposes to purchase mortgages or multifamily properties for properties totaling 315,000 low-income units. The sub-goal for very low-income properties is 60,000 units and the sub-goal for small low-income properties (five to 50 units) is 10,000 units. The FHFA will accept comments on the proposed rule for 60 days after the proposal is published in the Federal Register.

Learn more about Novogradac's expertise and many services