FHFA Issues Housing Goals for Fannie Mae and Freddie Mac

Housing Finance
Published

The Federal Housing Finance Agency (FHFA) has proposed its 2021 housing goals for Fannie Mae and Freddie Mac.

Due to the economic uncertainty related to the COVID-19 national pandemic, FHFA is proposing benchmarks for calendar year 2021 only, and those levels will remain the same as they were for 2018-2020. Once finalized, the proposed benchmark levels would extend those benchmarks that are currently set to expire on Dec. 31, 2020.

The 2021 single-family benchmarks are as follows:

  • Low-income home purchase goal: 24%
  • Very low-income home purchase goal: 6%
  • Low-income areas home purchase subgoal: 14%
  • Low-income refinance goal: 21%

The 2021 multifamily benchmarks are as follows:

  • Low-income goal: 315,000 units
  • Very low-income subgoal: 60,000 units
  • Small multifamily low-income subgoal: 10,000 units

FHFA has asked interested parties to submit comments on the proposed rule to the Federal Register within 60 days.

For more information, email Michelle Kitchen or Becky Froass at NAHB or call Michelle at 800-368-5242 x8352 or Becky at x8529.

Subscribe to NAHBNow

Log in or create account to subscribe to notifications of new posts.

Log in to subscribe

Latest from NAHBNow

Economics

Jul 03, 2025

Consumer Confidence Retreats in June

After a strong rebound in May, consumer confidence resumed its downward trend in June. Consumers remain concerned about the economy and labor market amid ongoing uncertainty, especially around tariffs.

Sponsored Content

Jul 02, 2025

5 Proven Strategies Smart Builders Use to Grow in Any Market

Sound Capital has worked with builders across market cycles for over 20 years. They have seen who thrived when others pulled back, and they've studied the strategies they used to scale while competitors were sidelined. Here are five things they all had in common.

View all

Latest Economic News

Economics

Jul 03, 2025

Solid Job Growth in June

The U.S. labor market continued to show resilience in June, with steady job gains led by state/local government and health care sectors.

Economics

Jul 02, 2025

Two or More Story Home Starts Rebound in 2024

Over half of new single-family homes built in 2024 were two or more stories, according the recent release of the Census Bureau’s Survey of Construction (SOC). After declining in 2023, the share of homes started with two or more stories increased again in 2024, continuing the upward trend in place since 2020.

Economics

Jul 01, 2025

May Private Residential Construction Spending Dips

Private residential construction spending fell by 0.5% in May, marking the fifth straight month of decreases. This drop was primarily driven by reduced spending on single-family construction. Compared to a year ago, total spending was down 6.7%, as the housing sector continues to navigate the economic uncertainty stemming from ongoing tariff concerns and elevated mortgage rates.