NCSHA Comments to FHFA on GSE Duty to Serve Plans for 2025-2027
On August 12, 2024, NCSHA submitted the attached letter responding to the Federal Housing Finance Agency’s (FHFA) June 11 Request for Input (RFI) on the government-sponsored enterprises (GSEs) Fannie Mae’s and Freddie Mac’s Underserved Markets Plans for years 2025-2027. The letter encourages FHFA and the GSEs to continue to explore potential partnerships with HFAs to meet their Duty to Serve obligations. The letter advances several specific suggestions for potential GSE-HFA collaborations, including expanded activity in the Credit market, funding and equity for preserving affordable housing properties financed through the U.S. Department of Agriculture’s (USDA) Section 514 and 515 programs, promoting rural homeownership, and affordable home improvement financing.
