FHFA Releases Equitable Housing Finance Plans for Fannie Mae, Freddie Mac

Housing Finance
Published

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:

  1. Addressing the homeownership gap
  2. Strengthening investment within formerly redlined areas.
  3. Financing the creation and preservation of affordable housing
  4. Increasing opportunities for renters
  5. Helping to address disparities among Black and Latino communities

Fannie Mae says its plan will focus on three areas:

  1. Housing preparation
  2. Buying or renting
  3. 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.

View the Fannie Mae Equitable Housing Finance Plan.

View the Freddie Mac Equitable Housing Finance Plan.

Subscribe to NAHBNow

Log in or create account to subscribe to notifications of new posts.

Log in to subscribe

Latest from NAHBNow

Membership

Jul 21, 2025

NAHB Mourns Passing of Rick Herman

NAHB mourns the passing of Rick Herman, longtime Executive Officer of the Rochester Home Builders Association (RHBA) in New York. Rick joined RHBA 30 years ago and served as a tireless advocate for members in Rochester and around the state.

Construction Costs

Jul 18, 2025

Metals and Equipment Drove Material Prices Higher in June

Residential building material prices rose in June, driven primarily by higher construction machinery and equipment part prices, based on data from the most recent Producer Price Index (PPI). Metal commodities also experienced significant increases, following recently implemented tariffs on steel and aluminum.

View all

Latest Economic News

Economics

Jul 21, 2025

Use of Private Water and Sewer Systems in New Single-Family Homes

The share of new single-family homes built with individual septic systems declined slightly in 2024 compared to the previous year, while the share of homes served by private wells remained steady.

Economics

Jul 21, 2025

Sales of Lower-Priced New Single-Family Homes Declined Over the Past Five Years

From 2020 to 2024, sales of lower-priced new homes declined significantly as the market moved toward higher-priced segments. Rising construction costs—driven by inflation, supply chain disruptions, and labor shortages—as well as higher regulatory costs, made it increasingly difficult for builders to construct affordable homes.

Economics

Jul 18, 2025

State-Level Employment Situation: June 2025

Nonfarm payroll employment increased in 27 states in June compared to the previous month, while employment decreased in 23 states and the District of Columbia. According to the Bureau of Labor Statistics, nationwide total nonfarm payroll employment increased by 147,000 in June following a gain of 144,000 jobs in May.