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MortgagePoint » Your Trusted Source for Mortgage Banking and Servicing News 58 February 2025 J O U R N A L • Low-Income Home Purchase (LIP) Goal: This goal measures the share of each Enterprise's goal-qualifying purchase loans made to families with incomes no greater than 80% of Area Median Income (AMI). • Very Low-Income Home Purchase (VLIP) Goal: This goal measures the share of each Enterprise's goal-qualifying purchase loans made to families with incomes no greater than 50% of AMI. • Minority Census Tracts Purchase (MCT) Subgoal: This goal mea- sures the share of each Enterprise's goal-qualifying purchase loans made to families with incomes no greater than 100% of AMI in minority census tracts. • Low-Income Census Tracts Pur- chase (LCT) Subgoal: This goal measures the share of each Enter- prise's goal-qualifying purchase loans made to two subgroups: (1) families (regardless of income) in low-income census tracts that are not minority census tracts, and (2) families with incomes greater than 100% of AMI in low-income census tracts that are also minority census tracts. • Low-Income Areas Home Pur- chase (LIA) Goal: This goal mea- sures the shares of each Enterprise's goal-qualifying purchase loans that are included in the minority census tracts and low-income census tracts subgoals, plus purchase mortgages made to families with incomes no greater than 100% of AMI living in a federally declared disaster area. • Low-Income Refinance (LIR) Goal: This goal measures the share of each Enterprise's goal-qualifying refinance loans made to families with incomes no greater than 80% of AMI. The final rule is effective February 28, 2025. HUD GRANTS MILLIONS TO HELP END HOMELESSNESS, PREVENT EVICTIONS A s the New Year settles in, unfortunately, homeownership and financial stability are still a worry for millions of hard-working Americans. Through the Eviction Pro- tection Grant Program (EPGP), a first- of-its-kind federal program created to increase the availability of legal services to tenants at risk of or subject to eviction, the U.S. Department of Housing and Urban Development (HUD) granted $40 million in funding to 21 recipients to support housing stability and prevent evictions and homelessness. "This latest round of funding builds on this program's success in helping over 44,000 households mitigate the negative consequences of eviction," HUD Agency Head Adrianne Todman said. "Legal experts supported by this funding help provide housing stability across the country." Every year, millions of people experience eviction, either through official court procedures or through evictions that take place outside of the law. Tenants who are evicted, particu- larly children, suffer serious long-term repercussions. However, the majority of renters lack access to legal aid that could enable them to defend against wrongful evictions or come to more amicable agreements with landlords. The Eviction Protection Grant Pro- gram seeks to close this disparity and improve tenants' housing stability by: • Prevention: helping tenants avert eviction and prevent eviction filings. • Justice: helping tenants exercise and enforce their housing and civil rights and ensure the legal process during eviction is fair. • Diversion: increasing tenant access to, and participation in, nonadver- sarial resolutions outside the court system. • Relief: helping tenants avoid the harmful consequences of evic- tion and gain access to stabilizing resources. As part of its ongoing efforts and a