Current through September 30, 2024
Section 1282.11 - General(a)General. Pursuant to the requirements of the Safety and Soundness Act (12 U.S.C. 4561-4564 , 4566 ), this subpart establishes:(1) Three single-family owner-occupied purchase money mortgage housing goals, a single-family owner-occupied purchase money mortgage housing subgoal, a single-family refinancing mortgage housing goal, a multifamily special affordable housing goal, and two multifamily special affordable housing subgoals;(2) Requirements for measuring performance under the goals; and(3) Procedures for monitoring and enforcing the goals.(b)Annual goals. Each housing goal shall be established by regulation no later than December 1 of the preceding year, except that any housing goal may be adjusted by regulation to reflect subsequent available data and market developments.75 FR 55930, Sept. 14, 2010, as amended at 80 FR 53430, Sept. 3, 2015; 86 FR 73657, Dec. 28, 2021