FHFA Releases Equitable Housing Finance Plans for Fannie Mae, Freddie Mac
The Federal Housing Finance Agency (FHFA) today released Equitable Housing Finance Plans for Fannie Mae and Freddie Mac for 2022-2024. The plans are designed to promote sustainable homeownership and rental housing opportunities for traditionally underserved Black and Latino communities nationwide.
Freddie Mac says it will be exploring action in five key areas:
- Addressing the homeownership gap
- Strengthening investment within formerly redlined areas.
- Financing the creation and preservation of affordable housing
- Increasing opportunities for renters
- Helping to address disparities among Black and Latino communities
Fannie Mae says its plan will focus on three areas:
- Housing preparation
- Buying or renting
- Moving in and maintaining sustainable homeownership
The 2022-2024 plan activities, which will be updated annually, address barriers experienced by renters, aspiring home owners, and current home owners – particularly in Black and Latino communities. These activities include but are not limited to:
- Consumer education initiatives for renters and home owners;
- Credit reporting to help tenants build credit profiles and enable better access to financial services;
- Expanding counseling services to support housing stability;
- Deploying technology to improve access to sustainable credit and fair home appraisals; and
- Special Purpose Credit Programs to address barriers to sustainable homeownership.
Latest from NAHBNow
Oct 09, 2025
3 Ways to Utilize Construction Site Surroundings to Optimize DesignHome design isn’t just about color swatches and backsplashes. Architecturally, building professionals can look toward climate responsive design and ambient design, which both involve using the elements around a home to the client’s advantage.
Economics
Oct 09, 2025
Remodeling Market Sentiment Improves in Third QuarterNAHB released its NAHB/Westlake Royal Remodeling Market Index (RMI) for the third quarter, posting a reading of 60, up one point compared to the previous quarter. With the reading of 60, the RMI remains solidly in positive territory above 50, but lower than it had been at any time from 2021 through 2024.
Latest Economic News
Economics
Oct 07, 2025
Minority-Owned Residential Building Firms Continue to RiseThe share of minority-owned new residential builders and remodelers has more than doubled since the Great Recession, with noticeable gains from 2017 to 2022. Nevertheless, when compared to the overall U.S. population, minority-owned firms continue to be underrepresented within both housing sectors.
Economics
Oct 06, 2025
Shorter Apartment Construction Time in 2024The average time needed to complete construction of a multifamily building after obtaining authorization edged down in 2024, according to the 2024 Survey of Construction (SOC) from the Census Bureau. On average, it took 19.6 months from permit to completion, about 0.3 months shorter than in 2023.
Economics
Oct 03, 2025
Supply-Side Cost Pressures Drove Housing as Inflation Leader in 2024Though the rate of inflation peaked in June 2022, consumer prices continued to increase throughout 2023 and 2024 as inflation drove further price growth, according to 2024 CPI review from the Bureau of Labor Statistics.