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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 Additionally, the TDD 1-(800) number referenced in Rulemaking documents attached to this page is obsolete and the 7-1-1 number should be used.​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
Rob Randhava Leadership Conference on Civil and Human Rights Please see attached commentsView Comment Email: N/A
Attachment: N/A
Marc Morial National Urban League See attached commentView Comment Email: N/A
Attachment: N/A
James Logue Cinnaire Please see attached Duty To Serve response from Cinnaire.View Comment Email: jlogue@cinnaire.com
Attachment: N/A
Alex Castro PathStone Corporation Please see attached comments.View Comment Email: jwiltse@pathstone.org
Attachment: N/A
Benson Roberts National Association of Affordable Housing Lenders Please see the attached comments.View Comment Email: broberts@naahl.org
Attachment: N/A
Pedro Spivakovsky-Gonzalez Harvard Legal Aid Bureau Please see the attached letter from the Harvard Legal Aid Bureau. Than…View Comment
Email: N/A
Attachment: N/A
Thomas Skiba Community Associations Institute See attached commentView Comment Email: N/A
Attachment: N/A
Lou Tisler Neighborhood Housing Services of Greater Cleveland, Inc. See attached commentView Comment Email: N/A
Attachment: N/A
Pat Zicarelli California Association of Realtors See attached commentView Comment Email: N/A
Attachment: N/A
Jeffery Hayward Fannie Mae-2 Please see attached document for comments from Fannie Mae.View Comment Email: N/A
Attachment: N/A
Kris Cook National Affordable Housing Management Association Please find the attached comments on behalf of the National Affordable…View Comment
Email: lkeys@nahma.org
Attachment: N/A
Tobias Halliday Stewards of Affordable Housing for the Future (SAHF) Please consider the attached comments.View Comment Email: N/A
Attachment: N/A
Robert Rapoza National Rural Housing Coalition Robert A. Rapoza Executive Secretary National Rural Housing Coalition…View Comment
Email: audrey@rapoza.org
Attachment: N/A
Rafael Cestero Community Preservation Corporation See attached pdf for comments.View Comment Email: N/A
Attachment: N/A
Philip Henderson Natural Resources Defense Council (NRDC) et al See attached commentView Comment Email: N/A
Attachment: N/A
Dwight Selby-2 N/A See attached commentView Comment Email: N/A
Attachment: N/A
Maureen Flynn Coalition for Occupied Homes in Foreclosure, Inc. COHIF GSE Duty to Serve Rule CommentView Comment Email: maureen@cohif.org
Attachment: N/A
Eleanor Pepper Empire Justice Center See attached document for comments submitted by Empire Justice Center.View Comment
Email: epepper@empirejustice.org
Attachment: N/A
Andrew Gallagher West Virginia Housing Institute, Inc. See attached commentView Comment Email: N/A
Attachment: N/A
Steve Meacham City Life/Vida Urbana Our organization's comments are attached in a .pdf document. We also…View Comment
Email: smeacham@clvu.org
Attachment: N/A
Brent Wilkes LULAC and LCLAA Comments (attached) submitted on behalf of the Labor Council for Latin…View Comment
Email: N/A
Attachment: N/A
Jennifer Hall Mississippi Manufactured Housing Association See attached commentView Comment Email: N/A
Attachment: N/A
Tony Romano Right To The City See attached commentView Comment Email: N/A
Attachment: N/A
Jack Markowski Community Investment Corporation Please see attached comments.View Comment Email: N/A
Attachment: N/A
Scott Johnstone VEIC Please see attached.View Comment Email: msprayregen@veic.org
Attachment: N/A