Fannie Mae Updates Equitable Housing Finance Plan
Fannie Mae Updates Equitable Housing Finance Plan |
[29-April-2024] |
Moves toward expanding and scaling various actions in third year of the Plan WASHINGTON, April 29, 2024 /PRNewswire/ -- Fannie Mae (OTCQB: FNMA) today released its annual update to the 2022-2024 Equitable Housing Finance Plan (the Plan) to knock down housing and homeownership barriers faced by historically underserved consumers and communities across the United States. The 2024 Plan updates reflect Fannie Mae's intention to expand and scale its efforts, particularly those related to helping consumers safely and soundly overcome barriers related to limited credit history, burdensome up-front housing costs/ access to credit, and financial and property resiliency. The three-year Equitable Housing Finance Plan addresses the key obstacles faced by historically underserved consumers, renters, and homeowners. The 2024 Plan outlines 23 specific actions that expand upon the innovations and lessons learned from the first two years, and includes two new actions:
In the first two years of the Equitable Housing Finance Plan, Fannie Mae established the groundwork to address housing disparities affecting historically underserved consumers and made progress on achieving its goals through the combined efforts of lenders, industry partners, and community stakeholders. In 2023, the Plan scaled various actions from the previous years, including:
"We have continued to build the infrastructure for a housing ecosystem that is fair and sustainable for all consumers," said Katrina Jones, Vice President of Housing Equity Strategy & Impact. "The housing environment today is not without its challenges – and it underscores the need to continue innovating and working together to ensure that access to affordable housing opportunities is available to everyone. We are encouraged by the achievements of the Plan and are looking forward to its ongoing success in making the housing system fairer and more equitable." Details on the Plan's actions and initiatives are outlined in the 2024 Equitable Housing Finance Plan and 2023 Performance Report. To learn more about Fannie Mae's ongoing efforts to support the housing ecosystem, read Katrina Jones' Perspectives blog. About Fannie Mae Fannie Mae Newsroom Photos of Fannie Mae Fannie Mae Resource Center View original content to download multimedia:https://www.prnewswire.com/news-releases/fannie-mae-updates-equitable-housing-finance-plan-302130431.html SOURCE Fannie Mae | ||
Company Codes: OTC-QB:FNMA, OTC-PINK:FNMA, OTC-BB:FNMA |