1282.11—General.

(a) General. Pursuant to the requirements of the Safety and Soundness Act (12 U.S.C. 4561-456 4, 4566), this subpart establishes:
(1) Three single-family owner-occupied purchase money mortgage housing goals, a single-family owner-occupied purchase money mortgage housing subgoal, a single-family refinancing mortgage housing goal, a multifamily special affordable housing goal and a multifamily special affordable housing subgoal;
(2) Requirements for measuring performance under the goals; and
(3) Procedures for monitoring and enforcing the goals.
(b) Annual goals. Each housing goal shall be established by regulation no later than December 1 of the preceding year, except that any housing goal may be adjusted by regulation to reflect subsequent available data and market developments.