§1430c Housing Goals

Summary

The Director must set housing goals for the Federal Home Loan Banks when they buy mortgages. Those goals must fit with the goals already set under sections 4561 through 4564. The Director must take into account the Banks’ special mission and how they are owned. To ease the change, the Director must set temporary target goals for each of the two calendar years following July 30, 2008. The same rules for monitoring and enforcing goals that apply to the Federal housing enterprises under section 4566 also apply here. Each year, the Director must report to Congress on how well the Banks met the goals.