Tag Archives: Housing and Economic Recovery Act (HERA)

Keeping pace with the rise in median housing prices nationwide year-over-year, the Housing and Economic Recovery Act requires the FHFA to adjust the GSEs’ baseline CLL value annually.

In most of the U.S., the 2023 CLL value for one-unit properties will be $726,200, an increase of $79,000 from $647,200 in 2022.

The FHFA has issued its conforming loan limits for 2022, as the increase in home prices nationwide has forced loan limits to $647,200 next year.