WASHINGTON, DC – The National Housing Conference’s (NHC) President and CEO David M. Dworkin released the following statement in response to the Federal Housing Finance Agency’s (FHFA) Fair Lending, Fair Housing, and Equitable Housing Finance Plans Final Rule:
“NHC commends Director Sandra Thompson and FHFA for implementing a new rule to enhance fairness in the housing finance sector. By codifying FHFA’s existing practices and programs regarding fair housing and fair lending oversight of its regulated entities and the Fannie Mae and Freddie Mac Equitable Housing Finance Plans, FHFA demonstrates strong leadership in addressing housing challenges continually faced by underserved communities.
This rule represents a milestone in the agency’s ongoing efforts to promote a robust and inclusive housing market. Through the introduction of new initiatives like Special Purpose Credit Programs, which provide new homebuyers with downpayment and closing cost assistance, and rent payment reporting programs to help renters use on-time rent payments to improve their credit scores, FHFA is taking proactive measures to address critical housing issues facing underserved communities. This rule promises to foster greater confidence and resilience within the housing finance ecosystem.
We applaud FHFA’s commitment to fairness and progress in the housing finance sector. This new rule reflects a proactive approach to tackling challenges and ensuring a more equitable housing landscape for all stakeholders. NHC looks forward to continued collaboration with FHFA to advance initiatives supporting sustainable homeownership, promoting access to affordable housing, and driving economic prosperity for communities nationwide.”
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About the National Housing Conference (NHC): Founded in 1931, the National Housing Conference is the oldest and broadest housing coalition in America. NHC is a diverse continuum of affordable housing stakeholders who convene and collaborate through dialogue, advocacy, research, and education, to develop equitable solutions that serve our common interest—an America where everyone is able to live in a quality, affordable home in a thriving community. Politically diverse and nonpartisan, NHC is a 501(c)3 nonprofit organization. To learn more about NHC, visit www.nhc.org.