Fannie Mae Expands Equitable Housing Finance Plan
Innovations build on multi-year effort to drive equity in the housing industry.
Fannie Mae (FNMA/OTCQB) today released its annual update to the 2022-2024 Equitable Housing Finance Plan. This plan is focused on knocking down barriers faced by underserved communities and further driving our mission of facilitating equitable and sustainable access to homeownership and quality affordable rental housing across America in a safe and sound manner.
Fannie Mae’s Equitable Housing Finance Plan focuses on two objectives that address common obstacles faced by many Black and Latino renters and homeowners:
- Reducing up-front rental and homeownership costs and eliminating outdated barriers related to insufficient credit to directly drive meaningful and measurable improvements in housing access and stability, and
- Improving the chances for long-term success for underserved borrowers and renters by focusing on education and counseling, successfully navigating the mortgage process, and housing stability.
