FHFA Proposes New Housing Goals for Fannie Mae, Freddie Mac
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% |
|
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.
Latest from NAHBNow
Sponsored Content
Feb 20, 2026
How Land Developers are Leveraging AI to Move FasterAI is helping today's leading land development teams operate differently. By connecting data across ownership, zoning, infrastructure, and development activity, AI can surface early signals of opportunity and support faster, more informed go/no-go decisions
Advocacy
Feb 20, 2026
Statement from NAHB Chairman Bill Owens on Supreme Court’s IEEPA RulingBill Owens, chairman of the National Association of Home Builders (NAHB) and a home builder and remodeler from Worthington, Ohio, issued a statement after the Supreme Court issued its verdict curtailing the power of President Trump to impose tariffs under the International Emergency Economic Powers Act (IEEPA).
Latest Economic News
Economics
Feb 20, 2026
New Home Sales Close 2025 with Modest GainsNew home sales ended 2025 on a mixed but resilient note, signaling steady underlying demand despite ongoing affordability and supply constraints. The latest data released today (and delayed because of the government shutdown in fall of 2025) indicate that while month-to-month activity shows a small decline, sales remain stronger than a year ago, signaling that buyer interest in newly built homes has improved.
Economics
Feb 20, 2026
U.S. Economy Ends 2025 on a Slower NoteReal GDP growth slowed sharply in the fourth quarter of 2025 as the historic government shutdown weighed on economic activity. While consumer spending continued to drive growth, federal government spending subtracted over a full percentage point from overall growth.
Economics
Feb 19, 2026
Delinquency Rates Normalize While Credit Card and Student Loan Stress WorsensDelinquent consumer loans have steadily increased as pandemic distortions fade, returning broadly to pre-pandemic levels. According to the latest Quarterly Report on Household Debt and Credit from the Federal Reserve Bank of New York, 4.8% of outstanding household debt was delinquent at the end of 2025, 0.3 percentage points higher than the third quarter of 2025 and 1.2% higher from year-end 2024.