§ 1282.13 - Multifamily special affordable housing goal and subgoals.

§ 1282.13 Multifamily special affordable housing goal and subgoals.

Cross Reference

Link to an amendment published at 87 FR 78846, Dec. 23, 2022.

(a) Multifamily housing goal and subgoals. An Enterprise shall be in compliance with a multifamily housing goal or subgoal if its performance under the housing goal or subgoal meets or exceeds the benchmark level for the goal or subgoal, respectively.

(b) Multifamily low-income housing goal. For the year 2022, the benchmark level for each Enterprise's purchases of mortgages on multifamily residential housing The percentage share of dwelling units in multifamily residential housing financed by mortgages purchased by each Enterprise that consists of dwelling units affordable to low-income families shall be at least 415,000 dwelling units affordable to low-income families meet or exceed 61 percent of the total number of dwelling units in multifamily residential housing financed by mortgages purchased by the Enterprise in 2022each year for 2023 and 2024.

(c) Multifamily very low-income housing subgoal. For the year 2022, the benchmark level for each Enterprise's purchases of mortgages on multifamily residential housing The percentage share of dwelling units in multifamily residential housing financed by mortgages purchased by each Enterprise that consists of dwelling units affordable to very low-income families shall be at least 88,000 dwelling units affordable to very low-income families meet or exceed 12 percent of the total number of dwelling units in multifamily residential housing financed by mortgages purchased by the Enterprise in 2022each year for 2023 and 2024.

(d) Small multifamily low-income housing subgoal. For the year 2022, the benchmark level for each Enterprise's purchases of mortgages on small multifamily properties The percentage share of dwelling units in small multifamily properties financed by mortgages purchased by each Enterprise that consists of dwelling units affordable to low-income families shall be, for Freddie Mac, at least 23,000 dwelling units affordable to low-income families in small multifamily properties meet or exceed 2.5 percent of the total number of dwelling units in all multifamily residential housing financed by mortgages purchased by that the Enterprise in 2022, and for Fannie Mae, at least 17,000 such dwelling unitseach year for 2023 and 2024.

[83 FR 5899, Feb. 12, 2018, as amended at 85 FR 82896, Dec. 21, 2020; 86 FR 73658, Dec. 28, 2022; 87 FR 78846, Dec. 23, 2022]