FHFA: Enterprise Housing Goals

From landing page:<br>FHFA establishes annual single-family and multifamily housing goals for mortgages purchased by Fannie Mae and Freddie Mac. The Enterprise Housing Goals include
separate categories for single-family mortgages on housing that is
affordable to low-income and very low-income families, as well as
refinanced mortgages for low-income borrowers. FHFA also establishes
separate annual goals for multifamily housing.

Loans that are eligible for housing goals credit are mortgages on
owner-occupied housing with one to four units. The mortgages must be
conventional, conforming mortgages, defined as mortgages that are not
insured or guaranteed by the Federal Housing Administration or another
government agency and with principal balances that do not exceed the
conforming loan limits for Enterprise mortgages. This page provides data
on Enterprise performance and activity related to the single-family
housi​​ng goals. A full glossary of terms is provided below.

Single-Family Enterprise Mortgage Acquisitions: Race and Ethnicity Data

The new housing goals data tables provide insight on the racial and
ethnic composition of loans acquired by the Enterprises that are
eligible for housing goals credit. FHFA has provided the racial and
ethnic distribution of the Enterprises' acquisitions across each of the
current single-family housing goals categories. ​

Single-Family Housing Goal Loan Segments: State-Level Data

FHFA is publishing state-level data for each single-family goal loan
purchase and refinance segment. It is important to note that FHFA does
not set state-level targets but only at the national level.

These tables provide the Enterprises' share in each state along with
the market share, as calculated by FHFA using the 'static' HMDA data for
each year to determine Enterprise housing goals performance each year.
It is important to note that HMDA state-level data are impacted by the
number of HMDA-exempt reporters in each state. For more information on
HMDA reporting requirements, visit the CFPB HMDA Reporting Requirements page.<br><br>Low-Income Census Tracts, Minority Census Tracts and Designated Disaster Areas Data

The Federal Housing Enterprises Financial Safety and Soundness Act of
1992 (Safety and Soundness Act) provides for the establishment of
single-family and multifamily goals each year, including a single-family
purchase money mortgage goal for families residing in low-income
areas. The Safety and Soundness Act defines "low-income area" for the
single-family low-income areas home purchase goal as:

Census tracts or block numbering areas in which the median income does not exceed 80 percent of area median income (AMI).

In addition, for the purposes of this goal, "families residing in low-income areas" also include:

Families with income not greater than 100 percent of AMI who reside in minority census tracts. Families with income not greater than 100 percent of AMI who reside in designated disaster areas.

​A "minority census tract" is a census tract that has a
minority population of at least 30 percent and a median income of less
than 100 percent of the AMI. A "low-income census tract" is census
tract in which the median income does not exceed 80 percent of the
AMI. Designated disaster areas are identified by FHFA based on the three
most recent years' declarations by the Federal Emergency Management
Agency (FEMA), where individual assistance payments were authorized by
FEMA.

A map of census tracts identified as minority census tracts in 2024 can be ​found here.

A map of census tracts identified as low-income census tracts in 2024 can be found here.

​Learn more about low-income census tracts, minority census tracts, and designated disaster areas. <br><br><br><br>