The FHFA requested comments on Fannie Mae and Freddie Mac’s Duty to Serve plans as part of their annual Duty to Serve Listening Sessions. Jonathan Harwitz, HAC’s Director of Public Policy, provided oral comments, accompanied by longer written comments, on behalf of HAC. If implemented robustly, Duty to Serve has the potential to improve the lives of people living in the most underserved communities. HAC’s comments focused on:
- Maintaining USDA Section 515 preservation as a core goal of the rural Duty to Serve Plans;
- Permitting targeted equity investments in CDFIs;
- Using, and further refining, the new Colonias Census Tract definition; and
- Meeting rural LIHTC equity investment goals.
Read HAC’s full comments.HAC DTS Rural Listening Session Comments