{"abstract":"The Federal Housing Finance Agency (FHFA) is amending the existing Federal Home Loan Bank (Bank) Housing Goals regulation. The final rule replaces the existing regulation's four separate retrospective housing goals with a single prospective mortgage purchase housing goal with a target level of 20 percent. The final rule also establishes a separate small member participation housing goal with a target level of 50 percent. The final rule provides that a Bank may request FHFA approval of alternative target levels for either or both of the goals. The final rule also establishes that housing goals apply to each Bank that acquires any Acquired Member Assets (AMA) mortgages during a year, eliminating the existing $2.5 billion volume threshold that previously triggered the application of housing goals for each Bank. Enforcement of the final rule will phase in over three years.","action":"Final rule.","agencies":[{"raw_name":"FEDERAL HOUSING FINANCE AGENCY","name":"Federal Housing Finance Agency","id":174,"url":"https://www.federalregister.gov/agencies/federal-housing-finance-agency","json_url":"https://www.federalregister.gov/api/v1/agencies/174","parent_id":null,"slug":"federal-housing-finance-agency"}],"body_html_url":"https://www.federalregister.gov/documents/full_text/html/2020/06/25/2020-12345.html","cfr_references":[{"chapter":null,"citation_url":null,"part":1281,"title":12}],"citation":"85 FR 38031","comment_url":null,"comments_close_on":null,"correction_of":null,"corrections":[],"dates":"The final rule is effective August 24, 2020. Written requests from Banks proposing alternative target levels are due by September 15, 2020. The enforcement phase-in period applies to calendar years 2021, 2022, and 2023.","disposition_notes":null,"docket_ids":[],"dockets":[],"document_number":"2020-12345","effective_on":"2020-08-24","end_page":38052,"executive_order_notes":null,"executive_order_number":null,"explanation":null,"full_text_xml_url":"https://www.federalregister.gov/documents/full_text/xml/2020/06/25/2020-12345.xml","html_url":"https://www.federalregister.gov/documents/2020/06/25/2020-12345/federal-home-loan-bank-housing-goals-amendments","images":{"ER25JN20.019":{"large":"https://img.federalregister.gov/ER25JN20.019/ER25JN20.019_large.png","original_size":"https://img.federalregister.gov/ER25JN20.019/ER25JN20.019_original_size.png"},"ER25JN20.018":{"large":"https://img.federalregister.gov/ER25JN20.018/ER25JN20.018_large.png","original_size":"https://img.federalregister.gov/ER25JN20.018/ER25JN20.018_original_size.png"},"ER25JN20.017":{"large":"https://img.federalregister.gov/ER25JN20.017/ER25JN20.017_large.png","original_size":"https://img.federalregister.gov/ER25JN20.017/ER25JN20.017_original_size.png"},"ER25JN20.016":{"large":"https://img.federalregister.gov/ER25JN20.016/ER25JN20.016_large.png","original_size":"https://img.federalregister.gov/ER25JN20.016/ER25JN20.016_original_size.png"},"ER25JN20.015":{"large":"https://img.federalregister.gov/ER25JN20.015/ER25JN20.015_large.png","original_size":"https://img.federalregister.gov/ER25JN20.015/ER25JN20.015_original_size.png"},"ER25JN20.014":{"large":"https://img.federalregister.gov/ER25JN20.014/ER25JN20.014_large.png","original_size":"https://img.federalregister.gov/ER25JN20.014/ER25JN20.014_original_size.png"},"ER25JN20.022":{"large":"https://img.federalregister.gov/ER25JN20.022/ER25JN20.022_large.png","original_size":"https://img.federalregister.gov/ER25JN20.022/ER25JN20.022_original_size.png"},"ER25JN20.021":{"large":"https://img.federalregister.gov/ER25JN20.021/ER25JN20.021_large.png","original_size":"https://img.federalregister.gov/ER25JN20.021/ER25JN20.021_original_size.png"},"ER25JN20.020":{"large":"https://img.federalregister.gov/ER25JN20.020/ER25JN20.020_large.png","original_size":"https://img.federalregister.gov/ER25JN20.020/ER25JN20.020_original_size.png"}},"images_metadata":{"ER25JN20.019":{"large":{"identifier":"ER25JN20.019","content_type":"image/png","size":40542,"width":823,"sha":"7b0ac487c51a9fc65608912baedb54ee","url":"https://img.federalregister.gov/ER25JN20.019/ER25JN20.019_large.png","height":464},"original_size":{"identifier":"ER25JN20.019","content_type":"image/png","size":223291,"width":3287,"sha":"7ee0b2131cb245e40072979c2967cc94","url":"https://img.federalregister.gov/ER25JN20.019/ER25JN20.019_original_size.png","height":1853}},"ER25JN20.018":{"large":{"identifier":"ER25JN20.018","content_type":"image/png","size":26344,"width":820,"sha":"84320ae439d1728b3cc1830018b75371","url":"https://img.federalregister.gov/ER25JN20.018/ER25JN20.018_large.png","height":352},"original_size":{"identifier":"ER25JN20.018","content_type":"image/png","size":119258,"width":3601,"sha":"e239dbd89129dcd07ed107a34e0ef46c","url":"https://img.federalregister.gov/ER25JN20.018/ER25JN20.018_original_size.png","height":1545}},"ER25JN20.017":{"large":{"identifier":"ER25JN20.017","content_type":"image/png","size":26624,"width":823,"sha":"f7838bc8e7f4ac012d1d5a328e2c7b37","url":"https://img.federalregister.gov/ER25JN20.017/ER25JN20.017_large.png","height":353},"original_size":{"identifier":"ER25JN20.017","content_type":"image/png","size":119641,"width":3601,"sha":"8b92e1239bec3b595c1ea1cb6b5e4e18","url":"https://img.federalregister.gov/ER25JN20.017/ER25JN20.017_original_size.png","height":1546}},"ER25JN20.016":{"large":{"identifier":"ER25JN20.016","content_type":"image/png","size":25911,"width":755,"sha":"ea2d500de7b8defded8acb2c5b705065","url":"https://img.federalregister.gov/ER25JN20.016/ER25JN20.016_large.png","height":590},"original_size":{"identifier":"ER25JN20.016","content_type":"image/png","size":31299,"width":2682,"sha":"27de492836d72db3257ff225f1f84e03","url":"https://img.federalregister.gov/ER25JN20.016/ER25JN20.016_original_size.png","height":2096}},"ER25JN20.015":{"large":{"identifier":"ER25JN20.015","content_type":"image/png","size":33558,"width":823,"sha":"29657dd50171fa61401dfb151084f216","url":"https://img.federalregister.gov/ER25JN20.015/ER25JN20.015_large.png","height":492},"original_size":{"identifier":"ER25JN20.015","content_type":"image/png","size":52198,"width":3600,"sha":"5a9bc71e62c78b70e5fef9206138a64a","url":"https://img.federalregister.gov/ER25JN20.015/ER25JN20.015_original_size.png","height":2151}},"ER25JN20.014":{"large":{"identifier":"ER25JN20.014","content_type":"image/png","size":49887,"width":822,"sha":"50dc4c6b4e9e2a0c2bc9e2def21b48dd","url":"https://img.federalregister.gov/ER25JN20.014/ER25JN20.014_large.png","height":623},"original_size":{"identifier":"ER25JN20.014","content_type":"image/png","size":212938,"width":3575,"sha":"fc2a9aa7d55908e81e7bdf0c472d761c","url":"https://img.federalregister.gov/ER25JN20.014/ER25JN20.014_origin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18:15:03 -0400"},"pdf_url":"https://www.govinfo.gov/content/pkg/FR-2020-06-25/pdf/2020-12345.pdf","presidential_document_number":null,"proclamation_number":null,"public_inspection_pdf_url":"https://public-inspection.federalregister.gov/2020-12345.pdf?1593002715","publication_date":"2020-06-25","raw_text_url":"https://www.federalregister.gov/documents/full_text/text/2020/06/25/2020-12345.txt","regulation_id_number_info":{"2590-AA82":{"issue":"202004","html_url":"https://www.federalregister.gov/regulations/2590-AA82/federal-home-loan-bank-housing-goals-amendments","title":"Federal Home Loan Bank Housing Goals Amendments","xml_url":"http://www.reginfo.gov/public/do/eAgendaViewRule?pubId=202004&RIN=2590-AA82&operation=OPERATION_EXPORT_XML","priority_category":"Other 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