01/25/2023 | Press release | Distributed by Public on 01/25/2023 16:23
The Federal Housing Finance Agency (FHFA) is committed to ensuring that Fannie Mae and Freddie Mac (the Enterprises) operate in a safe and sound manner while also promoting equitable access to affordable and sustainable housing. As part of our work on the White House Tenant Protection Interagency Policy Council, FHFA will conduct a public stakeholder engagement process to identify tangible solutions for addressing the affordability challenges renters are facing nationwide, particularly among underserved communities. The proposals discussed during this process will focus on properties financed by the Enterprises. Our process will be transparent and seek broad participation from diverse voices.
In the Agency's 2023 Scorecard, FHFA instructed the Enterprises to explore the feasibility of expanding tenant protections for properties they finance and to identify strategies and activities that would facilitate a greater amount of affordable rental housing supply. FHFA will continue to evaluate the Enterprises' role in providing tenant protections and advancing available affordable housing opportunities for those in need.