Affordable Housing Mission of Fannie Mae and Freddie Mac

Resolved that NAHB supports reform of the affordable housing missions for government-backed secondary market entities, including Fannie Mae and Freddie Mac that:

• Upholds safety and soundness of the entities; 
• Preserves the important countercyclical role of Fannie Mae and Freddie Mac in providing access to mortgage credit;
• Includes single-family and multifamily components;
• Advances meaningful initiatives that address housing needs for households with incomes at or below 120 percent of area median income across geographic markets and in various market segments;
• Requires accountability for the effectiveness of programs that receive a federal guarantee / backstop; and 
• Has enforceable consequences for failure to meet affordable housing mandates.

Resolution originally adopted: 2020.1, Resolution No.1

Committee with primary jurisdiction:

• Housing Finance Committee