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67 November 2025 J O U R N A L themortgagepoint.com November 2025 » to families with incomes no greater than 50% of AMI; 3. Low-income areas home purchase goal for mortgages to families with incomes no greater than 100% of AMI living in a federally declared di- saster area, as well as mortgages that meet the criteria for the following subgoals: 4. Low-income refinance goal for refinance mortgages to families with incomes no greater than 80% of AMI. • Minority census tracts subgoal: For home purchase mortgages to families with incomes no greater than 100% of AMI in minority census tracts (census tracts that have a minority population of at least 30% and a median income of less than 100% of AMI); • Low-income census tracts sub- goal: For mortgages to families in low-income census tracts (census tracts where the median income is no greater than 80% of AMI) that are not minority census tracts, and to borrowers with in- comes greater than 100% of AMI in low-income census tracts that are also minority census tracts. Multifamily Goal and Subgoals 1. Low-income multifamily goal for rental units in multifamily proper- ties affordable to families with in- comes no greater than 80%of AMI; 2. Very low-income multifamily sub- goal for rental units in multifamily properties affordable to families with incomes no greater than 50% of AMI; 3. Small multifamily low-income subgoal for rental units in multi- family properties with between 5 and 50 units, affordable to families with incomes no greater than 80% of AMI. Housing Goal Performance— National The 2024 single-family housing target levels are represented as a percentage of each Enterprise's mortgage purchases on single-family owner-occupied homes. For purchase loans and refinance loans, the U.S. Federal Housing Administration set distinct single-family goals. An enterprise reaches a goal for the 2024 single-family housing goals if it meets or surpasses at least one of the following: • The specific benchmark levels established in the Agency's final rule published on December 28, 2021, or • The "market level," which is defined as the share of conventional, con- forming mortgage originations that qualified for the goal based on the Agency's analysis of Home Mortgage Disclosure Act (HMDA) data. Note: While the market level com- putation acts as a year-end analysis, the benchmark level acts as a future objective for which the enterprises can make plans. Additionally, according to the report, an estimated $326 billion worth of sin- gle-family mortgages were acquired by Fannie Mae and $346 billion by Freddie Mac in 2024. U.S. Federal Housing established a multifamily mortgage acquisition cap of $70 billion for each Enterprise on Novem- ber 14, 2023, for a total of $140 billion in 2024. According to the criteria in Appen- dix A of the Conservatorship Scorecard, the Agency mandated that at least 50% of each Enterprise's multifamily loan pur- chases be mission-driven in order to guar- antee an emphasis on affordable housing and neglected markets. Loans categorized as supporting workforce housing proper- ties were not subject to the volume cap in 2024. Every other mission-driven loan was still capped at a certain amount. Multifamily loans considered to be mission-driven under the Scorecard for 2024 included: • Subsidized affordable housing The Enterprises have "an affirmative obligation to facilitate the financing of affordable housing for low- and moderate-income families in a manner consistent with their overall public purposes, while maintaining a strong financial condition and a reasonable economic return.