FHFA Revises Fannie Mae, Freddie Mac Duty to Serve Plan, Invites Comments
The Federal Housing Finance Agency (FHFA) today invited public comment on proposed modifications to Fannie Mae and Freddie Mac’s 2018-2020 duty to serve underserved markets plan. Fannie Mae’s proposal includes modifying actions to reflect revised rural investment targets based on enhanced market insight and experience since re-entering the low-income housing tax credit (LIHTC) equity market. Fannie Mae proposes to make LIHTC equity investments in 20 properties in 2018, 30 properties in 2019 and 30 properties in 2020. Comments on the proposal are due Nov. 2. FHFA will publish any approved modifications December.