"On the single-family side, 21% of the purchase mortgages acquired by Fannie and Freddie must go to borrowers earning less than 80% of the area median income (AMI), a decline from the current benchmark level of 25% for 2025 through 2027. For borrowers earning less than 50% AMI Very Low Income Home Purchase Goal (VLIP) the GSEs must allocate 3.5% of their purchases in this area, down from 6% in the previous plan."
"To simplify the Enterprise housing goals framework, FHFA says in the rule announcement that it is eliminating temporary measurement buffers for 20252027 that were intended to encourage compliance when benchmark levels exceeded market levels. Because the 20262028 benchmarks are set below forecasted market levels, FHFA said the Enterprises can adjust their mortgage purchase strategies to account for market fluctuations without the need for an added regulatory buffer."
FHFA published proposed single-family and multifamily housing goals for 2026–2028 with lower single-family benchmarks. Single-family purchases must include 21% to borrowers earning less than 80% AMI, down from 25%. The Very Low Income Home Purchase Goal requires 3.5% to borrowers earning less than 50% AMI, down from 6%. The low-income refinance goal declines from 26% to 21%. The Low-Income Areas Home Purchase subgoal benchmark is 16%. FHFA is eliminating temporary measurement buffers for 2025–2027 because 2026–2028 benchmarks are set below forecasted market levels. Multifamily benchmarks remain unchanged at prior levels.
Read at www.housingwire.com
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