A New Approach to Housing Goals
When we say “housing goals," most people familiar with housing policy think of Fannie Mae and Freddie Mac (the Enterprises). However, the Federal Home Loan Banks (FHLBanks) have housing goals too. FHFA recently issued a proposed rule updating the FHLBank affordable housing goals regulation with the objective of creating a new process with meaningful and achievable targets for the FHLBanks to increase access to affordable mortgage financing.