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Rule

2012-2014 Enterprise Housing Goals

Action

Final Rule; Correction.

Summary

This document reprints, in a more readable format, a table displaying the new benchmark levels for the single-family housing goals for 2012, 2013 and 2014 that originally appeared in the final rule published in the Federal Register on November 13, 2012 entitled “2012-2014 Enterprise Housing Goals.”

Unified Agenda

2012-2014 Enterprise Housing Goals

1 action from December 2011

  • December 2011
    • NPRM
 

Table of Contents Back to Top

DATES: Back to Top

Effective December 20, 2012.

FOR FURTHER INFORMATION CONTACT: Back to Top

Paul Manchester, Principal Economist, (202) 649-3115; Ian Keith, Senior Program Analyst, (202) 649-3114; Office of Housing and Regulatory Policy; Jay Schultz, Senior Economist, (202) 649-3117, Office of National Mortgage Database; Kevin Sheehan, Assistant General Counsel, (202) 649-3086, Office of General Counsel. These are not toll-free numbers. The mailing address for each contact is: Office of General Counsel, Federal Housing Finance Agency, Eighth Floor, 400 Seventh Street SW., Washington, DC 20024. The telephone number for the Telecommunications Device for the Hearing Impaired is (800) 877-8339.

SUPPLEMENTARY INFORMATION: Back to Top

Summary of Correction Back to Top

The SUPPLEMENTARY INFORMATION of the final rule establishing the Enterprise housing goals for 2012 through 2014, published on November 13, 2012, at 77 FR 67535, included a table on pages 67536-67537 that displayed the new benchmark levels for the single-family housing goals for 2012, 2013 and 2014. The table's format did not clearly convey that the benchmark levels for 2012 and 2014 are, in fact, the same as the levels for 2013, as indicated in the accompanying discussion and final rule. To clearly indicate the goal levels for 2012 and 2014, the table is being reprinted with the goal levels in the columns for all three years. The newly formatted table is displayed below.

Correction Back to Top

In FR Doc. 12-27121, appearing on page 67535 in the Federal Register of Tuesday, November 13, 2012, make the following correction. On pages 67536-67537, correct the table to read as follows:

2012 2013 2014
Low-income home purchase goal:      
Proposed rule 20% 20% 20%
Final rule 23% 23% 23%
Very-low income home purchase goal:      
Proposed rule 7% 7% 7%
Final rule 7% 7% 7%
Low-income areas home purchase subgoal:      
Proposed rule 11% 11% 11%
Final rule 11% 11% 11%
Low-income areas home purchase goal:      
Proposed rule 20% NA NA
Final rule 20% NA NA
Low-income refinance goal:      
Proposed rule 21% 21% 21%
Final rule 20% 20% 20%
Multifamily special affordable goals (low-income units):      
Fannie Mae      
Proposed rule 251,000 245,000 223,000
Final rule 285,000 265,000 250,000
Freddie Mac      
Proposed rule 191,000 203,000 181,000
Final rule 225,000 215,000 200,000
Multifamily special affordable subgoals (very low-income units):      
Fannie Mae      
Proposed rule 60,000 59,000 53,000
Final rule 80,000 70,000 60,000
Freddie Mac      
Proposed rule 32,000 31,000 27,000
Final rule 59,000 50,000 40,000

Dated: December 11, 2012.

Edward J. DeMarco,

Acting Director, Federal Housing Finance Agency.

[FR Doc. 2012-30481 Filed 12-19-12; 8:45 am]

BILLING CODE 8070-01-P

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