Affordable Housing Mission of Fannie Mae and Freddie Mac

Housing Finance

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
Full Resolution The full text of this resolution is available for download.