2024-19261. 2025-2027 Enterprise Housing Goals

Goal or subgoal	Criteria	Proposed benchmark level for 2025-2027 (percent)
Low-Income Home Purchase Goal	Home purchase mortgages on single-family, owner-occupied properties, to borrowers with incomes no greater than 80 percent of area median income (AMI)	25
Very Low-Income Home Purchase Goal	Home purchase mortgages on single-family, owner-occupied properties, to borrowers with incomes no greater than 50 percent of AMI	6
Low-Income Refinance Goal	Refinance mortgages on single-family, owner-occupied properties, to borrowers with incomes no greater than 80 percent of AMI	26
Minority Census Tracts Home Purchase Subgoal	Home purchase mortgages on single-family, owner-occupied properties to borrowers with incomes no greater than 100 percent of AMI in minority census tracts 1	12
Low-Income Census Tracts Home Purchase Subgoal	(i) Home purchase mortgages on single-family, owner-occupied properties to borrowers (regardless of income) in low-income census tracts 2 that are not minority census tracts, and (ii) home purchase mortgages on single-family, owner-occupied properties to borrowers with incomes greater than 100 percent of AMI in low-income census tracts that are also minority census tracts	4
1  Census tracts that have a minority population of at least 30 percent and a median income of less than 100 percent of AMI.
2  Census tracts where the median income is no greater than 80 percent of AMI.

The low-income areas housing goal benchmark level is not included in this proposed rule. Under the existing regulation, the benchmark level will be the sum of the benchmark levels for the minority census tracts subgoal and the low-income census tracts subgoal established above, plus an additional amount that will be determined separately by FHFA by notice that takes into account families in disaster areas with incomes no greater than 100 percent of AMI.¹⁷ ( print page 70130)

B. Proposed Benchmark Levels for the Multifamily Housing Goals and Subgoal and Clarification on Terminology

The proposed rule would establish the benchmark levels for the multifamily housing goals and subgoal for 2025-2027 as follows:

Goals and subgoal	Criteria	Proposed benchmark level for 2025-2027 (percent)
Low-Income Goal	Percentage share of all goal-eligible units in multifamily properties financed by mortgages purchased by the Enterprises in the year that are affordable to low-income families, defined as families with incomes less than or equal to 80 percent of AMI	61
Very Low-Income Goal	Percentage share of all goal-eligible units in multifamily properties financed by mortgages purchased by the Enterprises in the year that are affordable to very low-income families, defined as families with incomes less than or equal to 50 percent of AMI	14
Small Multifamily Low-Income Subgoal	Percentage share of all goal-eligible units in all multifamily properties financed by mortgages purchased by the Enterprises in the year that are units in small multifamily properties affordable to low-income families, defined as families with incomes less than or equal to 80 percent of AMI	2