Community housing and community development advocates could see new opportunities for financing from Fannie Mae and Freddie Mac in 2016 and beyond under a new draft rule proposed December 15, 2015. The Federal Housing Finance Agency (FHFA), the regulator and conservator for Fannie Mae and Freddie Mac, issued the proposed rule to carry out the “duty to serve” (DTS) requirements established for the companies in the Housing and Economic Recovery Act of 2008. This proposal replaces one issued in 2010 in draft form but never finalized; it is open for comment until March 17, 2016.

CFA Director of Housing Policy Barry Zigas has posted a discussion of the proposed rule on the Rooflines blog, which you can read in full here.