A final rule regarding the housing goals for Fannie Mae and Freddie Mac for 2015 through 2017 was issued by the Federal Housing Finance Agency (FHFA) on September 3, 2015. The Federal Housing Enterprises Financial Safety and Soundness Act of 1992, requires that FHFA establish annual housing goals for mortgages purchased by Fannie Mae and Freddie Mac. There are single-family goals that include separate categories for home purchase mortgages for low-income families, very low-income families, and families that reside in low-income areas. There are multifamily goals that include separate categories for mortgages on multifamily properties (i.e., properties with five or more units) with rental units affordable to low-income families and very low-income families. The final rule also establishes a new housing sub-goal for small multifamily properties affordable to low-income families. In addition, the final rule adds or revises a number of provisions in the housing goals regulation to provide clarity regarding the mortgages that will qualify for the goals or sub-goals. Finally, the final rule includes revisions to the definitions of ‘‘rent’’ and ‘‘utilities’’ and the rules for determining affordability of single-family and multifamily units. This final rule is effective as of October 5, 2015.