FHFA Publishes Updated Duty to Serve Plans for Fannie, Freddie

Wednesday, December 19, 2018 - 12:15pm

The Federal Housing Finance Agency today published updated Duty to Serve plans for Fannie Mae and Freddie Mac as required by the Housing and Economic Recovery Act (HERA) of 2008. HERA requires Fannie and Freddie to serve three undeserved markets: manufactured housing, affordable housing preservation and rural housing. Both agencies plan to purchase low-income housing tax credit (LIHTC) loans and Freddie Mac will re-engage in the LIHTC equity market in rural housing while Fannie Mae will review the potential use of LIHTC equity investments.