Fannie Mae and Freddie Mac have released their first Equitable Housing Finance Plans for 2022-2024, which aim to address barriers experienced by renters, aspiring homeowners, and current homeowners—particularly in Black and Latino communities.
The plans were created in response to a 2021 request by the Federal Housing Finance Agency (FHFA).
“The Equitable Housing Finance Plans represent a commitment to sustainable approaches that will meaningfully address the racial and ethnic disparities in homeownership and wealth that have persisted for generations," said Sandra L. Thompson, who was recently confirmed as FHFA director. “We look forward to working with the enterprises, lenders, and other housing industry participants to further develop the ideas described in these plans."
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