FHFA establishes annual single-family and multifamily housing goals for mortgages purchased by Fannie Mae and Freddie Mac. The Enterprise Housing Goals include separate categories for single-family mortgages on housing that is affordable to low-income and very low-income families, as well as refinanced mortgages for low-income borrowers. FHFA also establishes separate annual goals for multifamily housing.
Loans that are eligible for housing goals credit are mortgages on owner-occupied housing with one to four units. The mortgages must be conventional, conforming mortgages, defined as mortgages that are not insured or guaranteed by the Federal Housing Administration or another government agency and with principal balances that do not exceed the conforming loan limits for Enterprise mortgages. This page provides data on Enterprise performance and activity related to the single-family housing goals. A full glossary of terms is provided below.
Single-Family Enterprise Mortgage Acquisitions: Race and Ethnicity Data
The new housing goals data tables provide insight on the racial and ethnic composition of loans acquired by the Enterprises that are eligible for housing goals credit. FHFA has provided the racial and ethnic distribution of the Enterprises' acquisitions across each of the current single-family housing goals categories.
Single-Family Housing Goal Loan Segments: State-Level Data
FHFA is publishing state-level data for each single-family goal loan purchase and refinance segment. It is important to note that FHFA does not set state-level targets but only at the national level.
These tables provide the Enterprises' share in each state along with the market share, as calculated by FHFA using the 'static' HMDA data for each year to determine Enterprise housing goals performance each year. It is important to note that HMDA state-level data are impacted by the number of HMDA-exempt reporters in each state. For more information on HMDA reporting requirements, visit the CFPB HMDA Reporting Requirements page.
Data
| Year | Format |
|---|---|
| 2023 | [XLSX] |
| 2022 | [XLSX] |
| 2018-2021 | [XLSX] |
| Glossary of Frequently used terms | Definition |
|---|---|
| Goal-Eligible Purchase Loans | Goal-eligible purchase loans are home purchase mortgages on owner-occupied housing with one to four units. They are conventional, conforming mortgages, defined as mortgages that are not insured or guaranteed by the Federal Housing Administration or another government agency and with principal balances that do not exceed the conforming loan limits for Enterprise mortgages. |
| Low-Income Purchase (LIP) Loans | Low-income purchase loans are the subset of goal-eligible purchase loans acquired by the Enterprises where borrowers had incomes no greater than 80 percent of the area median income. |
| Very Low-Income Purchase (VLIP) Loans | Very low-income purchase loans are the subset of goal-eligible home purchase mortgages acquired by the Enterprises where borrowers had incomes no greater than 50 percent of the area median income. |
| Low-Income Areas Subgoal (LIAS) Loans | Low-income areas subgoal loans are the subset of goal-eligible purchase loans made to two subgroups: a) families living in low-income census tracts; and b) families with incomes no greater that 100 percent of area median income living in minority census tracts. This subgoal was replaced by the low-income census tracts subgoal and the minority census tracts subgoal starting in 2022. |
| Minority Census Tracts Subgoal (MCT) Loans | Minority census tracts subgoal loans are the subset of goal-eligible purchase loans made to families with incomes no greater that 100 percent of area median income living in minority census tracts. This subgoal became effective in 2022. |
| Low-Income Census Tracts Subgoal (LCT) Loans | Low-income census tracts subgoal loans are the subset of goal-eligible purchase loans made to two subgroups: a) families living in low-income census tracts that are not minority census tracts; and b) families with incomes greater that 100 percent of area median income living in low-income census tracts that are also minority census tracts. This subgoal became effective in 2022. |
| Goal-Eligible Refinance Loans | Goal-eligible refinance loans are refinance mortgages on owner-occupied housing with one to four units. They are conventional, conforming mortgages, defined as mortgages that are not insured or guaranteed by the Federal Housing Administration or another government agency and with principal balances that do not exceed the conforming loan limits for Enterprise mortgages. |
| Low-Income Refinance (LIR) Loans | Low-income refinance loans are the subset of goal-eligible refinance loans acquired by the Enterprises where borrowers had incomes no greater than 80 percent of the area median income. |
| Minority Census Tracts | Census tracts that have a minority population of at least 30 percent and a median income of less than 100 percent of area median income. |
| Low-Income Census Tracts | Census tracts where the median income is no greater than 80 percent of area median income. |
| Minority |
Minority means any individual who is included within any one or more of the following racial and ethnic categories: (i) American Indian or Alaskan Native - a person having origins in any of the original peoples of North and South America (including Central America), and who maintains Tribal affiliation or community attachment; (ii) Asian - a person having origins in any of the original peoples of the Far East, Southeast Asia, or the Indian subcontinent, including, for example, Cambodia, China, India, Japan, Korea, Malaysia, Pakistan, the Philippine Islands, Thailand, and Vietnam; (iii) Black or African American - a person having origins in any of the black racial groups of Africa; (iv) Hispanic or Latino - a person of Cuban, Mexican, Puerto Rican, South or Central American, or other Spanish culture or origin, regardless of race; and (v) Native Hawaiian or Other Pacific Islander - a person having origins in any of the original peoples of Hawaii, Guam, Samoa, or other Pacific Islands. |
Low-Income Census Tracts, Minority Census Tracts and Designated Disaster Areas Data
The Federal Housing Enterprises Financial Safety and Soundness Act of 1992 (Safety and Soundness Act) provides for the establishment of single-family and multifamily goals each year, including a single-family purchase money mortgage goal for families residing in low-income areas. The Safety and Soundness Act defines "low-income area" for the single-family low-income areas home purchase goal as:
- Census tracts or block numbering areas in which the median income does not exceed 80 percent of area median income (AMI).
In addition, for the purposes of this goal, "families residing in low-income areas" also include:
- Families with income not greater than 100 percent of AMI who reside in minority census tracts.
- Families with income not greater than 100 percent of AMI who reside in designated disaster areas.
A "minority census tract" is a census tract that has a minority population of at least 30 percent and a median income of less than 100 percent of the AMI. A "low-income census tract" is census tract in which the median income does not exceed 80 percent of the AMI. Designated disaster areas are identified by FHFA based on the three most recent years' declarations by the Federal Emergency Management Agency (FEMA), where individual assistance payments were authorized by FEMA.
A map of census tracts identified as minority census tracts in 2024 can be found here.
A map of census tracts identified as low-income census tracts in 2024 can be found here.
Learn more about low-income census tracts, minority census tracts, and designated disaster areas.
Contact
If you have any questions or comments about the data or documents, please email Padma Raman or Omena Ubogu.
Learn more about Enterprise Housing Goals
Last Updated: October 15, 2024