Enterprise Duty to Serve
Northeast Super Symposium VI for Manufactured Home Land-Leased Community Owners and Retailers
Albany, NYMembers Marc Lifset and Jeffrey Barringer will present “Enterprise Duty to Serve” at the Northeast Super Symposium VI for Manufactured Home Land-Leased Community Owners and Retailers, hosted by the New York Housing Association, April 12-13 at the Desmond Hotel in Albany. The Housing and Economic Recovery Act of 2008 amended the Federal Housing Enterprise Financial Safety and Soundness Act to establish a duty for Fannie Mae and Freddie Mac (collectively, the Enterprises) to serve three specified underserved markets, of which one is manufactured housing. Marc and Jeff will explain the process by which the Enterprises must formulate and implement Duty to Serve plans and how the industry has had input into the process.