---
kind: "section"
citation: "12 C.F.R. § 1282.35"
title: "12"
number: "1282.35"
heading: "Rural markets."
url: "https://uscodex.org/cfr/12/1282.35"
---

# §1282.35. Rural markets.

- (a) **Duty in general.** Each Enterprise must develop loan products and flexible underwriting guidelines to facilitate a secondary market for eligible mortgages on housing for very low-, low-, and moderate-income families in rural areas. Enterprise activities under this section must serve each such income group in the year for which the Enterprise is evaluated and rated.
- (b) **Eligible activities.** Enterprise activities eligible to be included in an Underserved Markets Plan for the rural market are activities that facilitate a secondary market for mortgages on residential properties for very low-,low-, or moderate-income families in rural areas.
- (c) **Regulatory Activities.** Enterprise activities related to the following are eligible to receive duty to serve credit under the rural market:
  - (1) **High-needs rural regions.** Housing in high-needs rural regions;
  - (2) **High-needs rural populations.** Housing for high-needs rural populations;
  - (3) **Financing by small financial institutions of rural housing.** Financing by a small financial institution of housing in a rural area; and
  - (4) **Small multifamily rental properties in rural areas.** Small multifamily rental properties that are located in a rural area.
- (d) **Additional Activities.** An Enterprise may include in its Plan other activities to serve very low-, low-, or moderate-income families in rural areas consistent with [paragraph (b)](#b) of this section, subject to FHFA determination of whether the activities are eligible to receive duty to serve credit.

## Notes

### Source

Source: 81 FR 96294, Dec. 29, 2016, unless otherwise noted.

### Authority

Authority: 12 U.S.C. 4501, 4502, 4511, 4513, 4526, 4561-4566.

### Source

Source: 75 FR 55930, Sept. 14, 2010, unless otherwise noted.