The Federal Housing Finance Agency (FHFA) has proposed replacing its existing Duty to Serve (DTS) regulation with an outcome-based framework that would change how Fannie Mae and Freddie Mac support manufactured housing, affordable housing preservation and rural housing.

The proposal, released in a notice of proposed rulemaking on Wednesday, would emphasize chattel loans, broaden how Low-Income Housing Tax Credit (LIHTC) activities are treated and expand “high-needs” coverage, FHFA said. Public comments are due July 24. Any final rule is expected to take effect by Jan. 1, 2028, but could be extended.

FHFA said the current regulation, in place details ⇒

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