August 23, 2022

FHFA: Intent to Establish a Federal Advisory Committee on Affordable, Equitable and Sustainable Housing Announced

The Federal Housing Finance Agency (FHFA) today announced its intent to establish a Federal Advisory Committee on Affordable, Equitable, and Sustainable Housing (Committee). 

The Committee will provide advice and input regarding affordable, equitable, and sustainable housing needs and any regulatory or policy changes that may be necessary or beneficial to address those matters. In addition, the Committee will provide input on barriers to access to such housing and long-term sustainability. The Committee’s activities will focus on FHFA’s regulated entities – Fannie Mae, Freddie Mac, and the Federal Home Loan Banks – and their respective roles in providing a reliable source of liquidity and funding to support housing finance in the single-family and multifamily housing markets.

“The formation of an advisory committee will better position FHFA to fulfill its strategic goal of supporting access to affordable, equitable, and sustainable housing,” said FHFA Director Sandra L. Thompson. “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.”

​To ensure diverse points of view are represented on the Committee, FHFA will seek members who are engaged in the financing, development, and/or administration of affordable, equitable, and sustainable housing and housing policy, and who have relevant expertise, applicable to Fannie Mae, Freddie Mac, or the Federal Home Loan Banks, in at least one of the following areas:

  1. Fair housing, fair lending, or civil rights; 
  2. Single-family lending, servicing, development, mortgages, or capital markets; 
  3. ​Multifamily lending, servicing, development, mortgages, capital markets, or investments (i.e. Low-Income ​Housing Tax Credits);
  4. Consumer, tenant, or community advocacy; 
  5. Market technology; 
  6. State, local, or tribal government housing policies and programs; and
  7. Academic or non-academic affiliated housing research.  

The Committee’s charter will commence fifteen (15) days after publication in the Federal Register. FHFA will solicit applications and nominations for membership in a subsequent notice in the Federal Register.

Link to Federal Register Notice

This post was originally published here.