FHFA Proposes New Housing Goals for Fannie Mae, Freddie Mac

Housing Affordability
Published

The Federal Housing Finance Agency (FHFA) has proposed its housing goals for Fannie Mae and Freddie Mac for 2022 to 2024.

This year, FHFA is proposing two new single-family home purchase subgoals to replace the existing low-income areas subgoal.

One new subgoal targets minority communities; the other continues to target low-income neighborhoods.

The new minority census tract subgoal is designed to improve access to fair and sustainable mortgage financing in communities of color. A mortgage qualifies under the new subgoal if:

  • the borrower has an income at or below area median income (AMI); and
  • the property is in a census tract where the median income is at or below AMI and minorities make up at least 30% of the population.

“The new subgoal for minority census tracts was designed to help preserve and support affordable housing in communities of color,” said FHFA Acting Director Sandra Thompson. “The subgoal benefits families at or below area median income, allowing them to stay in the communities they helped build.”

Single-Family Housing Goals:

Current and Proposed Single-Family Goals
(percentage of overall qualified single-family purchases)
Single-Family Goals
Current Benchmark Level
2018-2021
Proposed Benchmark Level
2022-2024
Low-Income Home Purchase Goal 24% 28%
Very Low-Income Home Purchase Goal 6% 7%
Minority Census Tracts Home Purchase Subgoal (New)
10%
Low-Income Census Tracts Home Purchase Subgoal (New)
4%
Low-Income Refinance Goal 21% 26%
Multifamily Housing Goals:
Current and Proposed Multifamily Goals
(number of multifamily units)
Multifamily Goals
Current Level
2018-2021
Proposed Level
2022-2024
Low-Income Goal 315,000 415,000
Very Low-Income Subgoal 60,000 88,000
Small Multifamily (5-50 Units) Low-Income Subgoal 10,000 23,000

FHFA will be taking comments on the proposed rule for 60 days after it is published in the Federal Register and NAHB intends to weigh in.

Subscribe to NAHBNow

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

Log in to subscribe

Latest from NAHBNow

Disaster Response

Sep 12, 2025

Builders’ Guide to Keeping Job Sites and Communities Prepared

September is National Preparedness Month, an annual federal initiative to raise awareness and equip individuals, businesses and communities with the tools they need to prepare for disasters.

IBS | Awards

Sep 11, 2025

2026 Best of IBS Awards Open

The NAHB International Builders’ Show® (IBS) recognizes the outstanding building products and services with the Best of IBS Awards. Apply by Nov. 21, 2025, to showcase your products.

View all

Latest Economic News

Economics

Sep 12, 2025

Household Real Estate Asset Values Reach New High

The market value of household real estate assets rose to $49.3 trillion in the second quarter of 2025, according to the most recent release of U.S. Federal Reserve Z.1 Financial Accounts. The value rose by 2.7% from the first quarter and is 1.1% higher than a year ago. This measure of market value estimates the value of all owner-occupied real estate nationwide.

Economics

Sep 11, 2025

Parking Trends in Newly Completed Single-Family Homes, 2024

In 2024, 65% of newly completed single-family homes featured two-car garages, according to NAHB’s analysis of the Census’s Survey of Construction data. The share of new homes with three or more car garages stood at 15%, continuing a downward trend from its peak of 24% in 2015 and decreasing 2 percentage points from 2023.

Economics

Sep 10, 2025

Year-over-Year Building Material Price Growth Advances

Price growth for residential building materials rose for the fourth straight month in August, reaching its highest level since January 2023. Across domestic inputs goods and services into residential construction, service prices decreased in August while goods prices slightly advanced.