Federal Advisory Committee on Affordable, Equitable and Sustainable Housing Formed
The Federal Housing Finance Agency (FHFA) has announced that it will establish a Federal Advisory Committee on Affordable, Equitable and Sustainable Housing to provide guidance to the government about regulatory or policy changes needed to improve those housing issues. The committee's main activities will be the role of FHFA’s regulated entities, including Fannie Mae, Freddie Mac, and the Federal Home Loan Banks (the Government-Sponsored Enterprises, or GSEs) in supporting liquidity and funding in the single-family and multifamily housing markets.
FHFA Director Sandra L. Thompson commented: “The formation of an advisory committee will better position FHFA to fulfill its strategic goal of supporting access to affordable, equitable, and sustainable housing. Today’s announcement exemplifies our commitment to transparency, ongoing dialogue with stakeholders and the public, and thoughtful policymaking that connects equitable access with safety and soundness.”
Following publication in the Federal Register, the FHFA will be seeking applications and nominations for members, prioritizing relevant expertise related to the GSEs. To ensure diversity in the views represented by members, experience in at least one of the following areas will be required: fair housing, fair lending, or civil rights; single-family lending, servicing, development, mortgages, or capital markets; multifamily lending, servicing, development, mortgages, capital markets, or investments (i.e. Low-Income Housing Tax Credits); consumer, tenant, or community advocacy; market technology; state, local, or tribal government housing policies and programs; and academic or non-academic affiliated housing research.
Contact: Adam Russell - Adam.Russell@FHFA.gov
Read the full Federal Register notice for further details.
The Federal Housing Finance Agency regulates Fannie Mae, Freddie Mac and the 11 Federal Home Loan Banks. These government-sponsored enterprises provide more than $7.9 trillion in funding for the U.S. mortgage markets and financial institutions. Additional information is at www.FHFA.gov, on Twitter, @FHFA, YouTube, Facebook, and LinkedIn.
