Fannie Mae and Freddie Mac’s Equitable Housing Finance Plans are a major first step in restoring the Enterprises’ leadership role in creating affordable housing opportunities, particularly for those least served by the mortgage finance system. The success of these plans will be a large part of Sandra Thompson’s legacy as Federal Housing Finance Agency Director.
A key determinant of whether the Enterprises will be able to meet their responsibilities under FHFA’s Equitable Housing Finance Framework will be the extent to which they invest capital and personnel in their plans. Both Enterprises have lost significant intellectual capital and experience in this space in recent years.
Sustainably increasing homeownership in underserved markets will require concerted effort and long-term investment. Ultimately, the proof will be in the performance. In the meantime, we look forward to working with both Enterprises to help them meet their objectives.
The National Housing Conference (NHC) is the oldest and broadest coalition of affordable housing leaders in America. We are a diverse continuum of affordable housing stakeholders that convene and collaborate through dialogue, advocacy, research, and education, to develop equitable solutions that serve our common interest.