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And we didn't want the subprime stuff to count toward the housing goals.
"The transaction facilitated meeting the 2003 affordable housing goals," Mr. Palombi said.
In Lewisboro, affordable housing goals will be met but they will be accomplished the Lewisboro way.
(Indeed, for most of their existence, Fannie and Freddie didn't so much meet their affordable housing goals as gamed them).
He decided to set the affordable housing goals high, at a fat, round 50 percent of the companies' business volume.
But Fannie and Freddie's affordable housing goals — which the G.S.E.'s easily gamed — were not the main reason.
Similar(19)
Each housing unit in a building of that size counted for two units toward Freddie's affordable housing goal, according to Mr. Palombi.
The Labour leader said of his housing goal: "By 2025, for the first time in 50 years, this country will be building as many homes as we need.
Please permit me to elaborate on one of the reasons for Westchester County's failure to achieve its affordable housing goal of 5,000 units in the last decade ("Addressing the County's No. 1 Need," May 14).
"We have not done a deal like this where we paid a fee to a lender to induce them to swap us loans for housing goal purposes," Mr. Greener responded in an e-mail message.
While she was hesitant to throw out a specific housing goal like rivals Quan and Kaplan, she favored a lot of market-rate housing development along transit hubs.
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