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#2248797 - 02/05/21 10:34 PM MultiFamily Affordable Units
bamboozled Offline
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Joined: Jan 2012
Posts: 263
Trying to remember but in this data field if you have a multifamily unit with no affordable units do you report NA or 0 (zero)?

Thanks

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#2248800 - 02/05/21 10:44 PM Re: MultiFamily Affordable Units bamboozled
Dan Persfull Offline
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Dan Persfull
Joined: Aug 2002
Posts: 46,287
Bloomington, IN
From page 58 of the 2020 FIG - Sept 2019 release

92 Multifamily Affordable Units Alphanumeric Example: 5 (or) NA (or) Exempt Multifamily Affordable Units
_________________________
The opinions expressed are mine and they are not to be taken as legal advice.

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#2248856 - 02/08/21 05:57 PM Re: MultiFamily Affordable Units bamboozled
Compliance NABW Offline
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Joined: Oct 2015
Posts: 1,454
0 (Zero)

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#2248857 - 02/08/21 05:58 PM Re: MultiFamily Affordable Units bamboozled
Compliance NABW Offline
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Joined: Oct 2015
Posts: 1,454
NOTE: Enter “0” for a covered loan or application related to a multifamily dwelling that does not contain any such income-restricted individual dwelling units.

https://files.consumerfinance.gov/f/documents/cfpb_2020-reportable-hmda-data.pdf

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#2248865 - 02/08/21 06:32 PM Re: MultiFamily Affordable Units bamboozled
Dan Persfull Offline
10K Club
Dan Persfull
Joined: Aug 2002
Posts: 46,287
Bloomington, IN
I don't report this field but this is from page 58 of the FIG:

92 Multifamily Affordable Units Alphanumeric Example: 5 (or) NA (or) Exempt Multifamily Affordable Units

And this is from page 101 of the FIG.

Example: If there are five (5) multifamily affordable units, enter 5.
a. Enter “0” for a covered loan or application related to a multifamily dwelling that does not contain any such income-restricted individual dwelling units.
b. Enter “NA” if the requirement to report multifamily affordable units does not apply to the covered loan or application that your institution is reporting.
c. Enter “Exempt” if, pursuant to the 2018 HMDA Rule, your institution is not reporting Multifamily Affordable Units.
_________________________
The opinions expressed are mine and they are not to be taken as legal advice.

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