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Publication Details
Type
Proposed Rulemaking
Document Number
2015-31811
Federal Register Publish Date
12/18/2015
Federal Register Citation
Comment Open Date
12/18/2015
Comment End Date
03/17/2016
Comment Status
Closed
Rulemaking Details
Rulemaking

Enterprise Duty to Serve Underserved Markets Proposed Rule

Contact Information

​FOR FURTHER INFORMATION CONTACT: Jim Gray, Manager, Office of Housing and Regulatory Policy, (202) 649-3124, or Mike Price, Senior Policy Analyst, Office of Housing and Regulatory Policy, (202) 649-3134. These are not toll-free numbers. The mailing address for each contact is: Federal Housing Finance Agency, 400 7th Street, SW., Washington, DC 20219. If you are deaf, hard of hearing, or have a speech disability, please dial 7-1-1 to access telecommunications relay services. Additionally, the TDD 1-(800) number referenced in Rulemaking documents attached to this page is obsolete and the 7-1-1 number should be used.​

Summary

PLEASE NOTE: Comments submitted will not be immediately viewable. To confirm your comment was received, contact FHFAWebMaster@fhfa.gov or call (202)649-3031.

SUMMARY: The Housing and Economic Recovery Act of 2008 (HERA) amended the Federal Housing Enterprises Financial Safety and Soundness Act of 1992 (Safety and Soundness Act) to establish a duty for the Federal National Mortgage Association (Fannie Mae) and the Federal Home Loan Mortgage Corporation (Freddie Mac) (collectively, the Enterprises) to serve three specified underserved markets—manufactured housing, affordable housing preservation, and rural markets—to increase the liquidity of mortgage investments and improve the distribution of investment capital available for mortgage financing for very low-, low-, and moderate-income families in those markets. The Federal Housing Finance Agency (FHFA) is issuing and seeking comments on a proposed rule that would provide Duty to Serve credit for eligible Enterprise activities that facilitate a secondary market for mortgages related to: manufactured homes titled as real property; blanket loans for certain categories of manufactured housing communities; preserving the affordability of housing for renters and homebuyers; and housing in rural markets. The proposed rule would establish a method for evaluating and rating the Enterprises’ compliance with the Duty to Serve each underserved market.

The Proposed Rule was released to the public via agency website on December 15, 2015.

Public Comments people-icon

Below are a compilation of public comments made on this publication.

216 items
file download iconCSV
Date First Name Last Name Organization Comment
Blair Sebastian NYS Rural Advocates P.O. Box 104, Blue Mountain Lake, New York 12812 – Ruraladvocates@gmai…View Comment
Email: blairsebastian@gmail.com
Attachment: N/A
Martha Campbell Rocky Mountain Institute Comments from a coalition of organizations associated with Rocky Mount…View Comment
Email: mcampbell@rmi.org
Attachment: N/A
Sebastian Corradino Riverside Capital, LLC Please see attachmentView Comment Email: scorradino@riverside.capital
Attachment: N/A
Mark Pinsky Opportunity Finance Network Please see attached.View Comment Email: dwilliams@ofn.org
Attachment: N/A
Peter Hainley CASA of Oregon See attached commentsView Comment Email: phainley@casaoforegon.org
Attachment: N/A
Wendell Chambliss Freddie Mac See attached commentView Comment Email: N/A
Attachment: N/A
Thomas Carew Fahe Thank you for this opportunity to comment on the Proposed RuleView Comment Email: tomc@fahe.org
Attachment: N/A
Tom Hodges Clayton Homes See attached comment letter.View Comment Email: tom.hodges@claytonhomes.com
Attachment: N/A
Nancy Owens National Association of State and Local Equity Funds (NASLEF) Please see attached comments submitted on behalf of NASLEFView Comment Email: N/A
Attachment: N/A
Yana Miles Center for Responsible Lending Please see comments submitted by Center for Responsible Lending.View Comment Email: Yana.Miles@responsiblelending.org
Attachment: N/A
Robert Wiener California Coalition for Rural Housing See attached commentView Comment Email: N/A
Attachment: N/A
Lindsey Johnson U.S. Mortgage Insurers Please see attached comment letter.View Comment Email: ljohnson@usmi.org
Attachment: N/A
Julia Gordon National Community Stabilization Trust (NCST); Center for Community Progress (CCP); Corporation for Enterprise Development (CFED); and Housing Partnership Network (HPN) See attached commentView Comment Email: N/A
Attachment: N/A
Paul Bradley ROC USA, LLC Comments attachedView Comment Email: pbradley@rocusa.org
Attachment: N/A
Brenda Clement Citizens' Housing and Planning Association Comments on Enterprise Duty to Serve proposed rule attachedView Comment Email: N/A
Attachment: N/A
Jane Graf Mercy Housing, Inc. The attached letter provides comments from the CEO of Mercy Housing, I…View Comment
Email: jgraf@mercyhousing.org
Attachment: N/A
Colleen Fisher Council for Affordable and Rural Housing See attached commentView Comment Email: N/A
Attachment: N/A
Shiv Rawal Center for American Progress Comment letter attached.View Comment Email: srawal@americanprogress.org
Attachment: N/A
Greg Zagorski National Council of State Housing Agencies Attached please find the National Council of State Housing Agencies' c…View Comment
Email: gzagorski@ncsha.org
Attachment: N/A
Lindsay Daniels National Council of La Raza (NCLR) See attached commentView Comment Email: N/A
Attachment: N/A
Angus Crane North American Insulation Manufacturers Association (NAIMA) Please find attached NAIMA's comments on the FHFA's Enterprise Duty To…View Comment
Email: acrane@naima.org
Attachment: N/A
Andrew Spofford Preservation of Affordable Housing (POAH) March 17, 2016 Alfred M. Pollard, General Counsel Attention: Comments/…View Comment
Email: aspofford@poah.org
Attachment: N/A
John Wiechmann Midwest Housing Equity Group (MHEG) see attachedView Comment Email: N/A
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Don Cohenour Heartland Credit Union Association See attached commentView Comment Email: N/A
Attachment: N/A
Sheila Crowley National Low Income Housing Coalition (NLIHC) See attached commentView Comment Email: N/A
Attachment: N/A