Volume 10 - Number 38
June 15, 2012
FHFA Proposes Lower GSE Affordable Housing Goals
The Federal Housing Finance Agency this week proposed to reduce the affordable housing goals for Fannie Mae and Freddie Mac through 2014. The low-income housing goal would be lowered from the current 27 percent to 20 percent, and the very-low-income target would drop slightly, from 8 percent of the government-sponsored enterprises business to 7 percent. The Finance Agency has not yet calculated the GSEs performance on their 2011 affordable housing goals, although un-verified calculations by both companies show that they missed several targets last year. That was also the case in 2010.
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