June 6, 2022

FHFA: Inaugural Mission Report for 2021 Issued on Economic Development and Affordable Housing Efforts

​​Inaugural report highlights regulated entities’ progress in supporting greater access to financing for targeted economic development and affordable, sustainable, and equitable housing

The Federal Housing Finance Agency (FHFA) today released its inaugural Mission Report that describes the activities of Fannie Mae and Freddie Mac (the Enterprises) and the Federal Home Loan Banks (FHLBanks) in 2021 to provide greater access to financing for targeted economic development and affordable, equitable, and sustainable housing.

As part of FHFA’s oversight of the regulated entities, FHFA ensures a focus on mission-driven activities to provide liquidity, stability, and affordability to the mortgage market through:

The FHLBanks also provide funds to support targeted economic development lending by their member financial institutions through their CIPs and Community Investment Cash Advance (CICA) Programs.

“FHFA is committed to promoting affordability, equity, and sustainability in the nation’s housing finance markets,” said FHFA Acting Director Sandra L. Thompson. “Our regulated entities have made progress in many mission-driven areas, and we will continue to improve affordable housing opportunities to support homeowners and renters.”​

​Highlights from the 2021 Mission Report include:

Attachments:DownloadFHFA 2021 Mission Report: Affordable Housing Activities of the Regulated Entities1.48 MB

This post was originally published here.