The Federal Housing Finance Agency (FHFA) has sent a final rule to the Federal Register establishing its 2010-2011 housing goals for Fannie Mae and Freddie Mac. The rule sets three multifamily goals:
- Fannie Mae is to acquire mortgages that finance at least 177,750 low-income rental units and 42,750 very low-income rental units;
- Freddie Mac is to acquire mortgages that finance at least 161,250 low-income rental units and 21,000 very low-income rental units; and
- Both enterprises must report on their acquisition of mortgages involving low-income units in small (5- to 50-unit) multifamily properties.
