may be construed to affect premiums charged for mortgage insurance provided for mortgages insured before the date of the enactment of this Act. (h) Limitation Nothing in this section shall permit or be construed to permit the FHA to apply different premium rates to the same mortgage product during the same time period based solely on the characteristics of the mortgagor. 205. Affordability requirements for multifamily mortgage insurance (a) In general Notwithstanding any provision of the National Housing Act or any other provision of law, the FHA may not insure any mortgage on a residential property having 5 or more dwelling units unless the property complies with such affordability requirements as the FHA shall establish to ensure that each such insured mortgage contributes to the financing of affordable housing for low- and moderate-income families, including such families in areas that the FHA determines to have high housing costs. (b) Limitation This section may not be construed to require the FHA to establish or enforce annual income verification or rent certification requirements for residential properties referred to in subsection (a). 206. Effective date This subtitle and the amendments made by this subtitle, except for section 203, shall take effect upon the expiration of the transition period under section 551. B Financial safety and soundness 211. Authority of Director (a) Duty The Director of the Federal Housing Finance Agency shall supervise and regulate the safety and soundness of the FHA and the programs of the Rural Housing Service of the Department of Agriculture for housing loans made, insured, or guaranteed under title V of the Housing Act of 1949, and it shall be the duty of the Director to ensure that the FHA and such Rural Housing Service programs are adequately capitalized and operating safely. (b) Authority The Director may make such determinations, take such actions, and perform such functions as the Director determines necessary to meet the responsibilities of the Director under this