Federal Housing Finance Agency (FHFA)
FHFA Publishes Fannie and Freddie Duty to Serve Plans for 2018-2020
Fannie Mae plans to purchase 269 loans secured by LIHTC properties during the two-year period while also making five LIHTC equity investments in 2019. Freddie Mac plans on making nine LIHTC equity investments during 2018-2020 serving high-needs rural regions.
FHFA Announces Reduced 2018 MF Lending Caps for GSEs
To be excluded from the caps, loans for water and energy efficiency improvements must demonstrate at least a 25% energy or water savings.
Fannie Mae and Freddie Mac to Re-enter LIHTC Market
FHFA made the announcement on November 16 that Fannie Mae and Freddie Mac are reentering the LIHTC market as equity investors in a limited role, effective immediately.
FHFA Final Rule Suggests Potential for GSEs to Resume Investing in LIHTC
Should the Enterprises ever be permitted to invest in LIHTCs, the investments in rural areas would be eligible to receive Duty to Serve credit.
FHFA Increases Multifamily Lending Caps for GSEs
The increase comes in light of continued high levels of property acquisitions and deliveries of newly constructed apartment units…
Under Proposed FHFA Rule, GSEs Earn Duty to Serve Credit through HUD Housing Programs
Tasked with ensuring Fannie Mae and Freddie Mac meet a requirement to serve underserved markets, the Federal Housing Finance Agency proposed a rule that will allow the GSEs to earn Duty to Serve credit activities related to several HUD housing programs. A public comment period on the proposed rule is open for 90 days.
FHFA Establishes 2015-17 Housing Goals for Fannie Mae and Freddie Mac
The Federal Housing Finance Agency is required to set annual housing goals for mortgages purchased by Freddie Mac and Fannie Mae. FHFA established the 2015-17 goals in a final rule.
FHFA Revises Exclusions to Fannie Mae and Freddie Mac Multifamily Lending Scorecard Caps
The Federal Housing Finance Agency (FHFA) announced that it is revising the affordable housing lending categories that are excluded from the multifamily lending purchase caps established in the 2015 Scorecard for Fannie Mae and Freddie Mac.
Housing Trust and Capital Magnet Funds Will Be Funded
Federal Housing Finance Agency (FHFA) Director Melvin L. Watt instructed Fannie Mae and Freddie Mac to begin setting aside and allocating funds for the Housing Trust Fund and the Capital Magnet Fund. The funds have sat empty since they were created six years ago due to a temporary suspension.