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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 Additionally, the TDD 1-(800) number referenced in Rulemaking documents attached to this page is obsolete and the 7-1-1 number should be used.​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
Nancy DeVaux Northwest Community Land Trust Coalition Please see attached letterView Comment Email: nancy@hometrust.org
Attachment: N/A
Doris Hydrick Alabama Manufactured Housing Association See attached commentView Comment Email: N/A
Attachment: N/A
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
Juliana Eades New Hampshire Community Loan Fund See attached commentView Comment Email: N/A
Attachment: N/A
Phillip Norman-2 N/A See attached commentView Comment Email: N/A
Attachment: N/A
Richard Ernst Financial Marketing Associates, Inc. See attached commentView Comment Email: N/A
Attachment: N/A
Jean Elliott N/A Fannie Mae and Freddie Mac should develop an energy efficiency standar…View Comment
Email: jean_elliott@juno.com
Attachment: N/A
Chris DeShazer Clayton Homes #112 See attached commentView Comment Email: N/A
Attachment: N/A
Kirsten Johnson-Obey NeighborWorks America NeighborWorks America is pleased to submit the attached letter on FHFA…View Comment
Email: KJohnson-Obey@nw.org
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Mark Duran New Mexico Manufactured Housing Association See attached commentView Comment Email: N/A
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DJ Pendleton Texas Manufactured Housing Association See attachmentView Comment Email: dpendleton@texasmha.com
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Ronald Breymier Indiana Manufactured Housing Association See attached commentView Comment Email: N/A
Attachment: N/A
Melora Hiller Grounded Solutions Network Grounded Solutions Network was formerly the National Community Land Tr…View Comment
Email: mhiller@groundedsolutions.org
Attachment: N/A
Mike Kerstetter N/A I believe it is very important to ensure that homes (and especially lo…View Comment
Email: N/A
Attachment: N/A
Hal Keller Ohio Capital Corporation for Housing Alfred M. Pollard General Counsel Federal Housing Finance Agency Submi…View Comment
Email: HKeller@occh.org
Attachment: N/A
Howell Adams N/A We really need to make sure that low-income homes are as energy effici…View Comment
Email: bgingram@aol.com
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Elaine Gauck Lake Terrace Park, Inc. See attached commentView Comment Email: N/A
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Judi Kidder N/A Alaska needs to be put on the high need rural area as well. Remote co…View Comment
Email: xxena@gci.net
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David Gasson Boston Capital Submission to request for comments re: Duty To ServeView Comment Email: N/A
Attachment: View Attachment
Stanford Fraser N/A March 11, 2016 Alfred M. Pollard, Esq. General Counsel Federal Housing…View Comment
Email: sfraser@jd16.law.harvard.edu
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Michael Parham MHCA and MHIA Please see attached supplemental comments.View Comment Email: TrailerParkLawyer@gmail.com
Attachment: View Attachment
Phillip Norman N/A See attached commentView Comment Email: N/A
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Ishbel Dickens National Manufactured Home Owners Association See attached letter re RIN 2590-AA27View Comment Email: ishbel@nmhoa.org
Attachment: View Attachment
Michael Williams N/A See attached commentView Comment Email: N/A
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Michael Puzio N/A I think this would be very beneficial to our economy, consumers, and t…View Comment
Email: N/A
Attachment: N/A