ARNIE LEVINE BROKER COUNTY PROPERTIES (former mayor candidate), Will BE SPEAKING ON:
Proposed Activities in the Affordable Housing Preservation Market July 17,2024 REGARDING PLANING FOR 2025-2027
IMMEDIATE RELEASE
Washington, D.C. – The Federal Housing Finance Agency (FHFA) today issued a request for input (RFI) on the proposed 2025-2027 Underserved Markets Plans (Plans) submitted by Fannie Mae and Freddie Mac (the Enterprises) under the Duty to Serve (DTS) program. The proposed Plans cover the period from January 1, 2025, to December 31, 2027.
“Providing sustainable liquidity for affordable housing preservation, rural housing, and manufactured housing in a safe and sound manner is a key component of the Enterprises’ statutory responsibility to serve underserved markets,” said Director Sandra L. Thompson. “I look forward to hearing the public’s input and feedback on the plans the Enterprises have proposed.”
FHFA issued a final rule in 2016 that implemented the DTS provisions of the Housing and Economic Recovery Act of 2008. The statute requires the Enterprises to serve three specified underserved markets — manufactured housing, affordable housing preservation, and rural housing — by increasing the liquidity of mortgage financing for very low-, low-, and moderate-income families in those markets.
FHFA invites interested parties to provide written input, feedback, and information on all aspects of the proposed Plans by August 12, 2024. The public can review the RFI and submit responses through the DTS page on FHFA’s website. FHFA also will hold three listening sessions to review the proposed Plans on July 15, 16, and 17. Interested participants can register here
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The objectives outlined by the Enterprises to achieve proposed Plan activities will remain subject to FHFA review and approval to ensure compliance with the Enterprises’ Charter Acts, safety and soundness measures, and other conservatorship and regulatory requirements.
The Federal Housing Finance Agency (FHFA) is hosting Duty to Serve Markets Public Listening Sessions July 15-17, 2024. The listening sessions will be an opportunity to hear from stakeholders sharing their views and recommendations on the Enterprises’ proposed 2025-2027 Duty to Serve Underserved Markets Plans.
The Duty to Serve Listening Sessions will be held on:
- Monday, July 15 – Topic: Proposed Activities in the Rural Housing Market
- Tuesday, July 16 – Topic: Proposed Activities in the Manufactured Housing Market
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Wednesday, July 17 – Topic: Proposed Activities in the Affordable Housing Preservation Market
The listening sessions will begin at 10:00 AM PST each day, and are expected to conclude by 1:00 PM PST.
You are welcome to attend multiple sessions.
Stakeholders are being asked to provide feedback.
If you are interested in having a speaking opportunity, please let us know via your registration.
Arnold Levine real estate broker County Properties former mayor candidate, have volunteered to be one of the speakers at the affordable housing preservation market.
Tickets are free to listen online go to this link if you would like to listen to the live meeting.
FREE TICKETS LIVE ON LINE EVENT