The Housing and Economic Recovery Act of 2008 mandates that Fannie Mae and Freddie Mac have a ‘Duty to Serve’ three traditionally underserved markets of:

Rural Housing
Manufactured Housing
Affordable Housing Preservation
The GSEs are tasked with increasing liquidity and investment capital in these markets.

The Federal Housing Finance Agency (FHFA) issued a Proposed Rule on Duty to Serve on December 15, 2015. Comments to the Rule were due on March 17, 2016.

Materials Posted: Duty to Serve And What it Means for Rural America (Webinar)

Materials Posted:

Introduction | Power Point Presentation (22 MB) | Webinar Recording | Mapping Utility

The Housing Assistance Council (HAC) is convening an interactive e-learning to assist housing providers and policymakers better understand the Duty to Serve Rule, and what it may mean for Rural America. The session is also intended to help inform comments to the Duty to Serve Rule.

The Housing and Economic Recovery Act of 2008 mandates that Fannie Mae and Freddie Mac have a ‘Duty to Serve’ three traditionally underserved markets of:

  • Rural Housing
  • Manufactured Housing
  • Affordable Housing Preservation

The Federal Housing Finance Agency (FHFA) is currently accepting comments on how to implement the Duty to Serve Rule. The Housing Assistance Council (HAC) is convening an interactive e-learning to assist housing providers and policymakers better understand the Duty to Serve Rule, and what it may mean for Rural America. The session is also intended to help inform comments to the Duty to Serve Rule.

While all three underserved markets extremely are important, this particular session will primarily focus on the Rural Housing component of Duty To Serve (but the other areas for comment will also be discussed).

The Federal Housing Finance Agency (FHFA) has re-issued a proposed rule on Duty To Serve.

The Federal Housing Finance Agency (FHFA) has re-issued a proposed rule on Duty To Serve. Through HERA, GSEs have a ‘duty to serve’ traditionally underserved markets of rural, preservation, and manufactured housing. Comments are due in 90 days.

Notice of Duty to Serve Comments

HAC Notice of Duty to Serve comments

The Housing Assistance Council’s comments on the notice of the Duty To Serve Underserved Markets for Enterprises; Proposed Rule. 12 CFR Part 1282, RIN 2590-AA27 are available below.

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Posted: September 18, 2009

If you have problems accessing any of the material on this page, contact Janice Clark at HAC, janice@ruralhome.org, 202-842-8600.