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
Land Development
Jan 29, 2026
How Can Density and Varying Housing Types Influence Local Tax Bases?Developed in partnership with Urban3, NAHB’s new Value of Land Use Efficiency video and infographic resource takes a data-driven look at how a wide range of residential development types contribute to local tax bases relative to the public services they require.
Economics
Jan 29, 2026
Fed Hits Pause on Easing as Inflation and Labor Risks BalanceThe Federal Reserve paused its easing cycle at the January meeting of the Federal Open Market Committee and held the short-term federal funds rate at a top rate of 3.75%.
Latest Economic News
Economics
Jan 28, 2026
Holding Pattern for the FedThe Fed paused its easing cycle at the conclusion of the January meeting of the Federal Open Market Committee, the central bank’s monetary policy body. The Fed held the short-term federal funds rate at a top rate of 3.75%, the level set in December. This marked the first policy pause since the Fed resumed easing in September of last year.
Economics
Jan 27, 2026
State-Level Employment Situation: December 2025With few exceptions, year-over-year nonfarm employment levels were relatively stable across states at the end of 2025, ranging from a decline of 4.2 percent to a gain of 1.8 percent. Construction employment, however, showed considerably greater dispersion, with declines of up to 9.3 percent in some states and gains approaching 9.0 percent in others.
Economics
Jan 26, 2026
Pool Permitting Falls Lower in 2025After a rapid expansion of residential swimming pool and spa construction following the pandemic, permit levels in the latest monthly index for December fell to their lowest level since 2020.