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‘‘(B) require the enterprise to submit addi-
tional data with respect to any lender or lenders, 
as appropriate and to the extent practicable, to 
the Director who shall submit any such addi-
tional data to the regulatory or enforcement 
agency for appropriate action. 
‘‘(3) ANNUAL REPORT TO CONGRESS.—The Di-
rector shall submit to the Committee on Financial 
Services of the House of Representatives and the Com-
mittee on Banking, Housing, and Urban Affairs of 
the Senate a report describing the actions taken, and 
being taken, by the Director to carry out this sub-
section. No such report shall identify any lender or 
lenders who have not been found to have engaged in 
discriminatory lending practices pursuant to a final 
adjudication on the record, and after opportunity for 
an administrative hearing, in accordance with sub-
chapter II of chapter 5 of title 5, United States Code. 
‘‘(4) PROTECTION
OF
IDENTITY
OF
INDIVID-
UALS.—In carrying out this subsection, the Director 
shall ensure that no property-related or financial in-
formation that would enable a borrower to be identi-
fied shall be made public.
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‘‘SEC. 1332. SINGLE-FAMILY HOUSING GOALS. 
‘‘(a) IN GENERAL.—The Director shall, by regulation, 
establish annual goals for the purchase by each enterprise 
of the following types of mortgages for the following cat-
egories of families: 
‘‘(1) PURCHASE-MONEY MORTGAGES.—A goal for 
purchase of conventional, conforming, single-family, 
purchase money mortgages financing owner-occupied 
housing for each of the following categories of fami-
lies: 
‘‘(A) Low-income families. 
‘‘(B) Families that reside in low-income 
areas. 
‘‘(C) Very low-income families. 
‘‘(2) REFINANCING MORTGAGES.—A goal for pur-
chase of conventional, conforming mortgages on 
owner-occupied, single-family housing for low-income 
families that are given to pay off or prepay an exist-
ing loan secured by the same property. 
‘‘(b) GOALS AS A PERCENTAGE OF TOTAL MORTGAGE 
PURCHASES.—The goals established under paragraphs (1) 
and (2) of subsection (a) shall be established as a percentage 
of the total number of conventional, conforming, single-fam-
ily, owner-occupied, purchase money mortgages purchased 
by the enterprise, or as percentage of the total number of 
conventional, single-family, owner-occupied refinance mort-
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gages purchased by the enterprise, as applicable, that are 
mortgages for the types of families specified in paragraphs 
(1) and (2) of subsection (a). 
‘‘(c) 
SINGLE-FAMILY, 
OWNER-OCCUPIED
RENTAL 
HOUSING UNITS.—The Director shall require each enter-
prise to report the number of rental housing units affordable 
to low-income families each year which are contained in 
mortgages purchased by the enterprise financing 2- to 4- 
unit single-family, owner-occupied properties and may, by 
regulation, establish additional requirements relating to 
such units. 
‘‘(d) DETERMINATION OF COMPLIANCE.— 
‘‘(1) IN
GENERAL.—The Director shall deter-
mine, for each year that the housing goals under this 
section are in effect pursuant to section 1331(a), 
whether each enterprise has complied with each such 
goal established under subsection (a) of this section 
and any additional requirements which may be estab-
lished under subsection (c) of this section. 
‘‘(2) PURCHASE-MONEY MORTGAGE GOALS.—An 
enterprise shall be considered to be in compliance 
with a housing goal under subparagraph (A), (B), or 
(C) of subsection (a)(1) for a year only if, for the type 
of family described in such subparagraph, the per-
centage of the number of conventional, conforming,
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single-family, owner-occupied, purchase money mort-
gages purchased by the enterprise in such year that 
serve such families, meets or exceeds the target for the 
year for such type of family that is established under 
subsection (e). 
‘‘(3) REFINANCE GOAL.—An enterprise shall be 
considered to be in compliance with the refinance goal 
under subsection (a)(2) for a year only if the percent-
age of the number of conventional, conforming, single- 
family, owner-occupied refinance mortgages pur-
chased by the enterprise in such year that serve low- 
income families meets or exceeds the target for the 
year that is established under subsection (e). 
‘‘(e) ANNUAL TARGETS.— 
‘‘(1) IN GENERAL.—The Director shall, by regu-
lation, establish annual targets for each goal and 
subgoal under this section, provided that the Director 
shall not set prospective targets longer than three 
years. In establishing such targets, the Director shall 
not consider segments of the market determined to be 
unacceptable or contrary to good lending practices, 
inconsistent with safety and soundness, or unauthor-
ized for purchase by the enterprises. 
‘‘(2) GOALS TARGETS.—
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‘‘(A) CALCULATION.—The Director shall 
calculate, for each of the types of families de-
scribed in subsection (a), the percentage, for each 
of the three years that most recently precede such 
year and for which information under the Home 
Mortgage Disclosure Act of 1975 is publicly 
available— 
‘‘(i) of the number of conventional, 
conforming, single-family, owner-occupied 
purchase money mortgages originated in 
such year that serve such type of family, or 
‘‘(ii) the number of conventional, con-
forming, single-family, owner-occupied refi-
nance mortgages originated in such year 
that serve low-income families, 
as applicable, as determined by the Director 
using the information obtained and determined 
pursuant to paragraphs (4) and (5). 
‘‘(B) ESTABLISHMENT OF GOAL TARGETS.— 
The Director shall, by regulation, establish tar-
gets for each of the goal categories, taking into 
consideration the calculations under subpara-
graph (A) and the following factors: 
‘‘(i) National housing needs.
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‘‘(ii) Economic, housing, and demo-
graphic conditions, including expected mar-
ket developments. 
‘‘(iii) The performance and effort of the 
enterprises toward achieving the housing 
goals under this section in previous years. 
‘‘(iv) The ability of the enterprise to 
lead the industry in making mortgage cred-
it available. 
‘‘(v) Such other reliable mortgage data 
as may be available. 
‘‘(vi) The size of the purchase money 
conventional mortgage market, or refinance 
conventional mortgage market, as applica-
ble, serving each of the types of families de-
scribed in subsection (a), relative to the size 
of the overall purchase money mortgage 
market or the overall refinance mortgage 
market, respectively. 
‘‘(vii) The need to maintain the sound 
financial condition of the enterprises. 
‘‘(3) AUTHORITY TO ADJUST TARGETS.—The Di-
rector may, by regulation, adjust the percentage tar-
gets previously established by regulation pursuant to
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paragraph (2)(B) for any year, to reflect subsequent 
available data and market developments. 
‘‘(4) HMDA INFORMATION.—The Director shall 
annually obtain information submitted in compliance 
with the Home Mortgage Disclosure Act of 1975 re-
garding 
conventional, 
conforming, 
single-family, 
owner-occupied, purchase money and refinance mort-
gages originated and purchased for the previous year. 
‘‘(5) CONFORMING MORTGAGES.—In determining 
whether a mortgage is a conforming mortgage for 
purposes of this paragraph, the Director shall con-
sider the original principal balance of the mortgage 
loan to be the principal balance as reported in the in-
formation referred to in paragraph (4), as rounded to 
the nearest thousand dollars. 
‘‘(f) NOTICE OF DETERMINATION AND ENTERPRISE 
COMMENT.— 
‘‘(1) NOTICE.—Within 30 days of making a de-
termination under subsection (d) regarding compli-
ance of an enterprise for a year with a housing goal 
established under this section and before any public 
disclosure thereof, the Director shall provide notice of 
the determination to the enterprise, which shall in-
clude an analysis and comparison, by the Director, of
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the performance of the enterprise for the year and the 
targets for the year under subsection (e). 
‘‘(2) COMMENT PERIOD.—The Director shall pro-
vide each enterprise an opportunity to comment on 
the determination during the 30-day period beginning 
upon receipt by the enterprise of the notice. 
‘‘(g) USE OF BORROWER INCOME.—In monitoring the 
performance of each enterprise pursuant to the housing 
goals under this section and evaluating such performance 
(for purposes of section 1336), the Director shall consider 
a mortgagor’s income to be such income at the time of origi-
nation of the mortgage. 
‘‘(h) CONSIDERATION OF PROPERTIES WITH RENTAL 
UNITS.—Mortgages financing two- to four-unit owner-occu-
pied properties shall count toward the achievement of the 
single-family housing goals under this section, if such prop-
erties otherwise meet the requirements under this section, 
notwithstanding the use of one or more units for rental pur-
poses. 
‘‘(i) GOALS CREDIT.—The Director shall determine 
whether an enterprise shall receive full, partial, or no credit 
for a transaction toward achievement of any of the housing 
goals established pursuant to section 1332 and 1333. In 
making any such determination, the Director shall consider 
whether a transaction or activity of an enterprise is sub-
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stantially equivalent to a mortgage purchase and either (1) 
creates a new market, or (2) adds liquidity to an existing 
market. No credit toward the achievement of the housing 
goals and subgoals established under this section may be 
given to the purchase of mortgages, including any trans-
action or activity of an enterprise determined to be substan-
tially equivalent to a mortgage purchase, that is determined 
to be unacceptable or contrary to good lending practices, 
inconsistent with safety and soundness, or unauthorized for 
purchase by the enterprises, pursuant to regulations issued 
by the Director. 
‘‘SEC. 1333. MULTIFAMILY SPECIAL AFFORDABLE HOUSING 
GOAL. 
‘‘(a) ESTABLISHMENT OF GOAL.— 
‘‘(1) IN GENERAL.—The Director shall, by regu-
lation, establish a single annual goal, by either unit 
or dollar volume, of purchases by each enterprise of 
mortgages on multifamily housing that finance dwell-
ing units affordable to low-income families. 
‘‘(2) ADDITIONAL REQUIREMENTS FOR UNITS AF-
FORDABLE TO VERY LOW-INCOME FAMILIES.—When 
establishing the goal under this section, the Director 
shall establish additional requirements for the pur-
chase by each enterprise of mortgages on multifamily
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housing that finance dwelling units affordable to very 
low-income families. 
‘‘(3) REPORTING
ON
SMALLER
PROPERTIES.— 
The Director shall require each enterprise to report on 
the purchase by each enterprise of multifamily hous-
ing of a smaller or limited size that is affordable to 
low-income families, which may be based on multi-
family projects of 5 to 50 units (as such numbers may 
be adjusted by the Director) or on mortgages of up to 
$5,000,000 (as such amount may be adjusted by the 
Director), and may, by regulation, establish such 
aditional requirements related to such units. 
‘‘(4) FACTORS.—In establishing the goal and ad-
ditional requirements under this section, the Director 
shall not consider segments of the market determined 
to be inconsistent with safety and soundness or unau-
thorized for purchase by the enterprises, and shall 
take into consideration— 
‘‘(A) national multifamily mortgage credit 
needs and the ability of the enterprise to provide 
additional liquidity and stability for the multi-
family mortgage market; 
‘‘(B) the performance and effort of the en-
terprise in making mortgage credit available for 
multifamily housing in previous years;