Recently, the Federal Housing Finance Agency (FHFA) announced that it would be requiring Fannie Mae and Freddie Mac to prepare Equitable Housing Finance Plans to advance equity in housing finance.
In September, the FHFA issued a Request for Input on these plans, including its intention to require Fannie and Freddie to take actions within their power to address racial gaps in homeownership and reducing underinvestment in historically redlined areas. FHFA welcomed comments on barriers to equitable housing opportunities and ways that Fannie Mae and Freddie Mac could address them.
On Monday, Cinnaire submitted comments on FHFA’s Request for Input. As an organization working to raise capital for equitable housing in the communities we serve, Cinnaire believes that Fannie Mae and Freddie Mac can and must play a meaningful role in creating equitable and sustainable housing opportunities for all, including communities of color that have long been denied access to safe, high quality affordable housing and homeownership opportunities.
Check out Cinnaire’s comment letter, including recommendations for steps the Enterprises can address barriers to equitable housing.