Duty to Serve Underserved Markets for Enterprises

12/29/2016

Number

RIN-2590-AA27

Group

Fannie Mae

Freddie Mac

CFR

12 CFR 1282

Effective Date

Mon, 01/30/2017 - 12:00

Enterprise Duty to Serve Underserved Markets Proposed Rule

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 Additionally, the TDD 1-(800) number referenced in Rulemaking documents attached to this page is obsolete and the 7-1-1 number should be used.

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

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

216 items

CSV

Date Sort ascending	First Name	Last Name	Organization	Comment
03/16/16	Jay	Edgerton	N/A	See attachment.View Comment Email: jay_edgerton@comcast.net Attachment: N/A
03/16/16	Mona	Newton	Community Office for Resource Efficiency	Hello, Please see the attached letter commenting on the FHFA's Duty to…View Comment Email: mona@aspencore.org Attachment: N/A
03/16/16	Andrew	Price	Credit Union National Association (CUNA)	Please see attached comment letter from CUNA.View Comment Email: N/A Attachment: N/A
03/16/16	Kara	Saul Rinaldi	Home Performance Coalition, Efficiency First	Please see attachmentView Comment Email: kara@anndyl.com Attachment: N/A
03/16/16	Jeff	Yegian	City of Boulder	The City of Boulder, Colorado supports efforts to expand access to mor…View Comment Email: yegianj@bouldercolorado.gov Attachment: N/A
03/16/16	Richard	Franz-Under	N/A	For Pima County and the jurisdictions within Pima County, affordable h…View Comment Email: rich.franz-under@pima.gov Attachment: N/A
03/16/16	Kim	Herman	Washington State Housing Finance Commission	See the uploaded document for my commentsView Comment Email: kim.herman@wshfc.org Attachment: N/A
03/16/16	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
03/16/16	Brian	Trotier	NDC Data	See attached fileView Comment Email: briant@ndcdata.com Attachment: N/A
03/16/16	John	Salvucci	Florida Manufactured Housing Association	See attached commentView Comment Email: N/A Attachment: N/A
03/16/16	Kenneth	Gear	Leading Builders of America	Energy Efficient Mortgage plan attached.View Comment Email: ken.gear@leadingbuildersofamerica.org Attachment: N/A
03/16/16	Armando	Perez	Boston Financial Investment Management	Please refer to our letter dated March 16, 2016, which we have submitt…View Comment Email: armando.perez@bfim.com Attachment: N/A
03/16/16			National Community Reinvestment Coalition (NCRC)	See attached commentView Comment Email: N/A Attachment: N/A
03/15/16	Carrie	Hunt	National Association of Federal Credit Unions	Dear Mr. Pollard: On behalf of the National Association of Federal Cre…View Comment Email: ksubramanian@nafcu.org Attachment: N/A
03/15/16	Juliana	Eades	New Hampshire Community Loan Fund	See attached commentView Comment Email: N/A Attachment: N/A
03/15/16	Brett	Little	GreenHome Institute	We highly encourage FHA to incorporate energy efficiency programs but…View Comment Email: Brett.Little@greenhomeinstitute.org Attachment: N/A
03/15/16	Scott	MacFarlane	HASCAP Funding	See attached commentView Comment Email: N/A Attachment: N/A
03/15/16	Brenda	Torpy	champlain housing trust	Champlain Housing Trust is a Community land trust that supports the pe…View Comment Email: btorpy@champlainhousingtrust.org Attachment: N/A
03/15/16	Bryan	Brown	Columbus Metropolitan Housing Authority (CMHA)	See attached commentView Comment Email: N/A Attachment: N/A
03/15/16	Jenny	Netzer	TCAM	Please see the attached answers to the questions posed.View Comment Email: jnetzer@tcamre.com Attachment: N/A
03/15/16	Peter and Claire	Driscoll	N/A	See attachedView Comment Email: N/A Attachment: N/A
03/15/16	Bob	Peebles	Otranto Acres LLC	See attached commentView Comment Email: N/A Attachment: N/A
03/15/16	Nadine	Cohen	Greater Boston Legal Services	See attachedView Comment Email: N/A Attachment: N/A
03/15/16	Mary	Gaiski	Pennsylvania Manufactured Housing Association	See attached commentView Comment Email: N/A Attachment: N/A
03/15/16			Southport Springs 723 HOA Board of Directors	See attachedView Comment Email: N/A Attachment: N/A

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