Enterprise Housing Goals Comment
Mortgage Finance, Affordable Homeownership, Regulation & Reform
Testimony | October 2014

2015-17 Enterprise Housing Goals

Public comment to Federal Housing Finance Agency Director Mel Watt
Kevin A. Park
Research funded by Ford Foundation

The center responds to the Federal Housing Finance Agency’s proposed affordable housing goals for the government-sponsored enterprises Fannie Mae and Freddie Mac for 2015-2017

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Overview

The government-sponsored enterprises Fannie Mae and Freddie Mac by their charters are encouraged to ensure access to credit for lower-income households and neighborhoods.

Research from the UNC Center for Community Capital and others demonstrates that such lending is safe for both borrowers and lenders. Nevertheless, the Enterprises typically lag the market in the share of business devoted to under-served borrowers. This is partly due to their affordable housing goals being set too low.

In its response to the Federal Housing Finance Agency’s proposed affordable housing goals, the center recommends the agency raise its low-income home purchase goals for 2015-2017.


Related Projects

The UNC Center for Community Capital conducts research and policy analysis on ways to make financial services work better for more people and communities.

 

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