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
Economics
May 11, 2026
U.S. Economy Adds 115,000 Jobs in AprilThe U.S. labor market continued to show resilience in April, with job growth persisting despite elevated interest rates and rising geopolitical uncertainty related to the Iran conflict. The unemployment rate held steady at 4.3%.
Safety
May 11, 2026
Mental Health is a Jobsite IssueThere has long been a stigma around discussing mental health issues in the construction industry. NAHB and partners have been working to erase that stigma and give members access to resources focused on mental well-being.
Latest Economic News
Economics
May 11, 2026
Existing Home Sales Edged Up Slightly in AprilExisting home sales edged up in April after reaching a nine-month low in March, but sales remained at historically low levels. Elevated mortgage rates and reignited inflation driven by the Iran war continued to weigh on affordability as economic uncertainty pushed up long-term rates, while rising energy costs strained household budgets.
Economics
May 11, 2026
Residential Building Worker Wages Remain Soft in Early 2026 Amid Slower Housing ActivityWage growth for residential building workers remained subdued during the first quarter of 2026, reflecting continued softness in housing construction activity and easing labor demand.
Economics
May 08, 2026
U.S. Economy Adds 115,000 Jobs in AprilThe U.S. labor market continued to show resilience in April, with job growth persisting despite elevated interest rates and rising geopolitical uncertainty related to the Iran conflict. The unemployment rate held steady at 4.3%.