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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 Additionally, the TDD 1-(800) number referenced in Rulemaking documents attached to this page is obsolete and the 7-1-1 number should be used.​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
Meeting with California Reinvestment Coalition See attached.View Comment Email: N/A
Attachment: View Attachment
Caleb Cook Digital Federal Credit Union Please see attached comment letter.View Comment Email: N/A
Attachment: N/A
Scot Keller LIHTC Working Group Please see the attached comment letter from the LIHTC Working Group.View Comment Email: scot.keller@novoco.com
Attachment: N/A
Kristin Siglin Housing Partnership Network Attached please find our comments on RIN 2590-AA27. Thanks.View Comment Email: siglin@housingpartnership.net
Attachment: N/A
Brian Marshall Americans for Financial Reform Please see attached comment.View Comment Email: brian@ourfinancialsecurity.org
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
Terry Clemans National Consumer Reporting Association (NCRA) See attached commentView Comment Email: N/A
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
Polly Nichol Vt. Housing & Conservation Board See attached letter.View Comment Email: polly@vhcb.org
Attachment: N/A
Mark Weiss MHARR See attached comments.View Comment Email: mmarkweiss@aol.com
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
Susan Cotner HomeSmartNY Capital Region Chapter Please see attached comment letter.View Comment Email: scotner@ahphome.org
Attachment: N/A
Sarah Carpenter Vermont Housing Finance Agency See attached commentView 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
Jonathan Kevles Renew Financial These comments are submitted in behalf of the Renew Financial company,…View Comment
Email: jkevles@renewfinancial.com
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
Preservation Working Group See attached commentView Comment Email: N/A
Attachment: N/A
Chet McGensy SolarCity See attachementView Comment Email: cmcgensy@solarcity.com
Attachment: N/A
David Certner AARP See attached commentView Comment Email: N/A
Attachment: N/A
Sean McLoughlin Carbon Zero Home I would like greener and healthier home renovations encouraged for low…View Comment
Email: seansren@gmail.com
Attachment: N/A
John Salvucci Florida Manufactured Housing Association See attached commentView Comment Email: N/A
Attachment: N/A
Kenneth Gear Leading Builders of America Energy Efficient Mortgage plan attached.View Comment Email: ken.gear@leadingbuildersofamerica.org
Attachment: N/A
National Community Reinvestment Coalition (NCRC) See attached commentView Comment Email: N/A
Attachment: N/A
Kristin Faust Neighborhood Housing Services of Chicago, Inc. Please find the attached comments from Neighborhood Housing Services o…View Comment
Email: acole@nhschicago.org
Attachment: N/A
Dwight Selby N/A See attached commentView Comment Email: N/A
Attachment: N/A