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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 Additionally, the TDD 1-(800) number referenced in Rulemaking documents attached to this page is obsolete and the 7-1-1 number should be used.​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
California Reinvestment Coalition (CRC) See attached commentView Comment Email: N/A
Attachment: N/A
L.A. 'Tony' Kovach N/A See attached commentView Comment Email: N/A
Attachment: N/A
Rob Prasch Network for Oregon Affordable Housing Please see attached commentsView Comment Email: robp@noah-housing.org
Attachment: N/A
Jessica Deegan Minnesota Housing Finance Agency See attached commentView Comment Email: N/A
Attachment: N/A
Joseph Pigg American Bankers Association (ABA) See attached commentView Comment Email: N/A
Attachment: N/A
Bill Druliner GreenPath, Inc March 17, 2016 Mr. Alfred M. Pollard General Counsel Federal Housing F…View Comment
Email: community@greenpath.com
Attachment: N/A
Bennie Thompson Member of Congress Federally-regulated manufactured housing is the nation’s most affordab…View Comment
Email: N/A
Attachment: N/A
Stacey Epperson Next Step Network, Inc. March 17, 2016 Alfred M. Pollard, General Counsel Attention: Comments/…View Comment
Email: s.epperson@nextstepus.org
Attachment: N/A
Consortium for Citizens with Disabilities (CCD) Housing Task Force See attached commentView Comment Email: N/A
Attachment: N/A
Phillip Bracken America's Homeowner Alliance Please see the attached comments on behalf of America's Homeowner Alli…View Comment
Email: kara.ward@klgates.com
Attachment: N/A
National Housing Resource Center (NHRC) See attached commentView Comment Email: N/A
Attachment: N/A
Steven Adler Murex Properties, LLC See attachedView Comment Email: N/A
Attachment: N/A
Lesli Gooch Manufactured Housing Institute Please see attached document for comments from the Manufactured Housin…View Comment
Email: lgooch@mfghome.org
Attachment: N/A
Moises Loza Housing Assistance Council The Housing Assistance Council (HAC) appreciates the opportunity to co…View Comment
Email: lance@ruralhome.org
Attachment: N/A
Ron Haynie Independent Community Bankers of America (ICBA) Attached is a copy of Final Duty Serve Comment letterView Comment Email: ron.haynie@icba.org
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Matt Josephs Local Initiatives Support Corporation (LISC) See attached commentView Comment Email: N/A
Attachment: N/A
Dave Ledford National Association of Home Builders Thank you for the opportunity to comment on the Enterprise Duty to Ser…View Comment
Email: N/A
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Undersigned Civil Rights and Fair Housing Organizations See attached commentView Comment Email: N/A
Attachment: N/A
George and Nancy Hinerth N/A See attachedView Comment Email: N/A
Attachment: N/A
Dan McPheeters Mortgage Bankers Association Please see attached comment signed by David H. StevensView Comment Email: dmcpheeters@mba.org
Attachment: N/A
David Siddiqui N/A Utility costs can be a large portion of the operational expenses for a…View Comment
Email: N/A
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John Mealey Coachella Valley Housing Coalition Please see uploaded file.View Comment Email: john.mealey@cvhc.org
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Michael Bodaken National Housing Trust See attached commentView Comment Email: N/A
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Desiree Patno National Association of Women in Real Estate Businesses (NAWRB) Mr. Jim Gray Federal Housing Finance Agency Manager, Office of Housing…View Comment
Email: N/A
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National Multifamily Housing Council (NMHC) and the National Apartment Association (NAA) See attached commentView Comment Email: N/A
Attachment: N/A