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Enterprise Duty to Serve Underserved Markets Proposed Rule

Publication Details
Type
Proposed Rulemaking
Document Number
2015-31811
Federal Register Publish Date
12/18/2015
Federal Register Citation
80 FR 79181
PDF Format
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 Additionally, the TDD 1-(800) number referenced in Rulemaking documents attached to this page is obsolete and the 7-1-1 number should be used.​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
CSV
Date First Name Last Name Organization Comment
Sheila Crowley National Low Income Housing Coalition (NLIHC) See attached commentView Comment Email: N/A
Attachment: N/A
Desiree Patno N/A Mr. Jim Gray Federal Housing Finance Agency Manager, Office of Housing…View Comment
Email: N/A
Attachment: N/A
Rob Randhava Leadership Conference on Civil and Human Rights Please see attached commentsView Comment Email: N/A
Attachment: N/A
Terry Clemans National Consumer Reporting Association (NCRA) See attached commentView 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
Jeff Washburne City of Lakes Community Land Trust March 17, 2016 Alfred M. Pollard, Esq. General Counsel Federal Housing…View Comment
Email: jeff@clclt.org
Attachment: N/A
Alex Castro PathStone Corporation Please see attached comments.View Comment Email: jwiltse@pathstone.org
Attachment: N/A
Polly Nichol Vt. Housing & Conservation Board See attached letter.View Comment Email: polly@vhcb.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
Mark Weiss MHARR See attached comments.View Comment Email: mmarkweiss@aol.com
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
Debby Goldberg National Fair Housing Alliance Attached please find the comments of the National Fair Housing Allianc…View Comment
Email: dgoldberg@nationalfairhousing.org
Attachment: N/A
Thomas Skiba Community Associations Institute See attached commentView Comment Email: N/A
Attachment: N/A
Susan Cotner HomeSmartNY Capital Region Chapter Please see attached comment letter.View Comment Email: scotner@ahphome.org
Attachment: N/A
Lou Tisler Neighborhood Housing Services of Greater Cleveland, Inc. See attached commentView Comment Email: N/A
Attachment: N/A
Sarah Carpenter Vermont Housing Finance Agency 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
Robert Newman Virginia Community Development Corporation Please find my comments attachedView Comment Email: bnewman@vacdc.org
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
Jonathan Kevles Renew Financial These comments are submitted in behalf of the Renew Financial company,…View Comment
Email: jkevles@renewfinancial.com
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
Steve Baden RESNET RESNET is a non-profit organization that sets the national standards f…View Comment
Email: sbaden@resnet.us
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