106 STAT. 3960 PUBLIC LAW 102-550—OCT. 28, 1992

that are purchased and contribute to the achievement of
such goals—

(i) 45 percent shall be mortgages on multifamily
housing affordable to low-income families; and

(ii) 55 percent shall be mortgages on multifamily
housing in which—

(I) at least 20 percent of the units are afford-
able to families whose incomes do not exceed 50
percent of the median income for the area; or

(II) at least 40 percent of the units are afford-
able to very low-income families.

(B) SINGLE FAMILY MORTGAGES.—The special affordable
housing goals established under paragraphs (1) and (2)
shall provide that, of mortgages on single family housing
that are purchased and contribute to the achievement of
such goals—

(i) 45 percent shall be mortgages of low-income
families who live in census tracts hi which the median
income does not exceed 80 percent of the area median
income; and

(ii) 55 percent shall be mortgages of very low-
income families.

(C) COMPLIANCE WITH SPECIAL AFFORDABLE HOUSING
GOALS.—Only the portion of mortgages on multifamily
housing purchased by an enterprise that are attributable
to units affordable to low-income families shall contribute
to the achievement of the special affordable housing goals
under subparagraph (AXii).

(4) IMPLEMENTATION.—The Secretary shall establish any
requirements necessary to implement the transition provisions
under this subsection by notice, after providing the enterprises
with an opportunity to review and comment not less than
30 days before the issuance of such notice. Such notice shall
be issued not later than the expiration of the 90-day period
beginning upon the date of the enactment of this Act and
shall be effective upon issuance.

12 USC 4564. SEC. 1334. CENTRAL CITIES, RURAL AREAS, AND OTHER UNDER-
SERVED AREAS HOUSING GOAL.

(a) IN GENERAL.—The Secretary shall establish an annual goal
for the purchase by each enterprise of mortgages on housing located
in central cities, rural areas, and other underserved areas. The
Secretary may establish separate subgoals within the goal under
this section and such subgoals shall not be enforceable under the
provisions of section 1336, any other provision of this title, or
any provision of the Federal National Mortgage Association Charter
Act or the Federal Home Loan.Mortgage Corporation Act.

(b) FACTORS To BE APPLIED.—In establishing the housing goal
under this section, the Secretary shall consider—

(1) urban and rural housing needs and the housing needs
of underserved areas;

(2) economic, housing, and demographic conditions;

(3) the performance and efforts of the enterprises toward
achieving the central cities, rural areas, and other underserved
areas housing goal in previous years;