2012-30481. 2012-2014 Enterprise Housing Goals

AGENCY:

Federal Housing Finance Agency.

ACTION:

Final rule; correction.

SUMMARY:

This document reprints, in a more readable format, a table displaying the new benchmark levels for the single-family housing goals for 2012, 2013 and 2014 that originally appeared in the final rule published in the Federal Register on November 13, 2012 entitled “2012-2014 Enterprise Housing Goals.”

DATES:

Effective December 20, 2012.

FOR FURTHER INFORMATION CONTACT:

Paul Manchester, Principal Economist, [phone]; Ian Keith, Senior Program Analyst, [phone]; Office of Housing and Regulatory Policy; Jay Schultz, Senior Economist, [phone], Office of National Mortgage Database; Kevin Sheehan, Assistant General Counsel, [phone], Office of General Counsel. These are not toll-free numbers. The mailing address for each contact is: Office of General Counsel, Federal Housing Finance Agency, Eighth Floor, 400 Seventh Street SW., Washington, DC 20024. The telephone number for the Telecommunications Device for the Hearing Impaired is [phone].

SUPPLEMENTARY INFORMATION:

Summary of Correction

The SUPPLEMENTARY INFORMATION of the final rule establishing the Enterprise housing goals for 2012 through 2014, published on November 13, 2012, at 77 FR 67535, included a table on pages 67536-67537 that displayed the new benchmark levels for the single-family housing goals for 2012, 2013 and 2014. The table's format did not clearly convey that the benchmark levels for 2012 and 2014 are, in fact, the same as the levels for 2013, as indicated in the accompanying discussion and final rule. To clearly indicate the goal levels for 2012 and 2014, the table is being reprinted with the goal levels in the columns for all three years. The newly formatted table is displayed below.

Correction

In FR Doc. 12-27121, appearing on page 67535 in the Federal Register of Tuesday, November 13, 2012, make the following correction. On pages 67536-67537, correct the table to read as follows:

	2012	2013	2014
Low-income home purchase goal:
Proposed rule	20%	20%	20%
Final rule	23%	23%	23%
Very-low income home purchase goal:
Proposed rule	7%	7%	7%
Final rule	7%	7%	7%
Low-income areas home purchase subgoal:
Proposed rule	11%	11%	11%
Final rule	11%	11%	11%
Low-income areas home purchase goal:
Proposed rule	20%	NA	NA
Final rule	20%	NA	NA
Low-income refinance goal:
Proposed rule	21%	21%	21%
Final rule	20%	20%	20%
Multifamily special affordable goals (low-income units):
Fannie Mae
Proposed rule	251,000	245,000	223,000
Final rule	285,000	265,000	250,000
Freddie Mac
Proposed rule	191,000	203,000	181,000
Final rule	225,000	215,000	200,000
Multifamily special affordable subgoals (very low-income units):
Fannie Mae
Proposed rule	60,000	59,000	53,000
Final rule	80,000	70,000	60,000
Freddie Mac
Proposed rule	32,000	31,000	27,000
Final rule	59,000	50,000	40,000

Dated: December 11, 2012.

Edward J. DeMarco,

Acting Director, Federal Housing Finance Agency.