Comment Letter to Fannie Mae on its Draft Duty to Serve Underserved Markets Plan

2017
|   By
Andrew Jakabovics ,
Enterprise Community Partners, Inc.
letter page one
Summary
Comments on Fannie Mae’s draft Duty to Serve Underserved Market Plan (UMP) for 2018-2020.
Description

Enterprise strongly supports the final Duty to Serve rule, and we applaud both FHFA and Fannie Mae for engaging stakeholders and soliciting input throughout the rulemaking and implementation process. This letter provides comments on eight specific aspects of Fannie Mae’s draft UMP:

• Purchases of loans that preserve subsidized affordable housing
• Housing Credit equity investments
• Equity investments in workforce housing
• Entity-level support to community development financial institutions (CDFIs)
• Purchases of small multifamily loans
• Loans that improve the energy efficiency of multifamily properties
• Provisions related to distressed properties and communities
• Provisions related to rural housing

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