HPN commends FHFA for the thoughtful and transparent approach it has taken in developing the “Duty to Serve” regulations and pursuing stakeholder engagement and comment on the Enterprises’ performance. HPN members include Community Development Financial Institutions (CDFIs) as well as nonprofit developers of both single family housing and multifamily housing. HPN members work in the underserved markets targeted by the Duty to Serve statute, being especially active in the preservation of affordable housing. The work of HPN and our members can benefit greatly from the stability, liquidity and affordability that the Enterprises were chartered to provide to the residential market.

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