Company: FMCCN
Filing Date: 2025-02-13
Form Type: 10-K
Source: 0001026214-25-000040
Chunk: 137

Company: FEDERAL HOME LOAN MORTGAGE CORP
Filing Date: 2025-02-13
Form: 10-K
Item: Item 15
Chunk 137
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 goals and requirements, both of which may expose us to additional legal and compliance risk, damage our reputation, and adversely affect our business, financial condition, and results of operations.

Affordable Housing Goals Results

In October 2024, FHFA informed us that, for 2023, we achieved all six of our single-family housing goals and subgoals, and all three of our multifamily goals and subgoals. Our performance on the goals, as determined by FHFA, is set forth in the table below.

Table 56 - 2023 and 2022 Affordable Housing Goals Results20232022Affordable Housing GoalsBenchmark LevelMarket LevelResults Benchmark LevelMarket Level ResultsSingle-Family:Low-income home purchase goal28 %26.3 %28.5 %28 %26.8 %29.0 %Very low-income home purchase goal7 6.5 6.8 7 6.8 7.1 Low-income areas home purchase goal(1)20 28.1 29.5 20 28.0 28.7 Minority census tracts home purchase subgoal10 12.2 13.2 10 12.1 12.8 Low-income census tracts home purchase subgoal4 9.8 9.4 4 9.7 9.1 Low-income refinance goal26 40.3 43.2 26 37.3 37.1 Multifamily:Low-income goal 61 %N/A67.1 %415,000 unitsN/A420,107 unitsVery low-income subgoal 12 N/A20.6 88,000 unitsN/A127,733 unitsSmall multifamily (5-50 units) low-income subgoal2.5 N/A4.1 23,000 unitsN/A27,103 units

(1)The low-income areas home purchase goal benchmark level is the sum of (1) the minority census tracts home purchase subgoal, (2) the low-income census tracts home purchase subgoal, and (3) a disaster areas increment set in accordance with existing practice. Each year, FHFA notifies Freddie Mac by letter of the disaster areas increment for that year only. The disaster areas increment for 2023 was set at 6%, the same level as 2022. 

Affordable Housing Goals for 2025-2027

In December 202