Pub. L. 102-550, tit. XIII, subtit. A, pt. 2, subpt. B, sec. 1331

ESTABLISHMENT.

EnactedYear: 1992Length: 154 wordsOfficial source
SEC. 1331. ESTABLISHMENT. (a) In General.—The Secretary shall establish, by regulation, housing goals under this subpart for each enterprise. The housing goals shall include a low- and moderate-income housing goal pursuant to section 1332, a special affordable housing goal pursuant to section 1333, and a central cities, rural areas, and other under-served areas housing goal pursuant to section 1334. The Secretary shall implement this subpart in a manner consistent with section 301(3) of the Federal National Mortgage Association Charter Act and section 301(b)(3) of the Federal Home Loan Mortgage Corporation Act. (b) Consideration of Units in Multifamily Housing.—In establishing any goal under this subpart, the Secretary may take into consideration the number of housing units financed by any mortgage on multifamily housing purchased by an enterprise. (c) Adjustment of Housing Goals.—Except as otherwise provided in this title, from year to year the Secretary may, by regulation, adjust any housing goal established under this subpart.