Fannie/Freddie Will Develop New Plans for Equitable Financing

The GSEs, Fannie Mae and Freddie Mac, will be required to submit Equitable
Housing Finance Plans
to their regulator the Federal Housing Finance Agency (FHFA)
by the end of the year. The plans, which will be updated annually, will identify
and address barriers to sustainable housing opportunities for the next three
years. FHFA also will require the GSEs to submit annual progress reports on the
actions undertaken during the prior year to implement their plans.

“For generations, discriminatory practices like redlining have
prevented communities of color from building wealth through
homeownership,” said FHFA Acting Director Sandra L. Thompson. “By
identifying

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