U.S. Federal Housing has formalized its withdrawal from the Network of Central Banks and Supervisors for Greening the Financial System (NGFS) in a letter to the Chair of NGFS.
“Biden drove housing costs up with politicized nonsense that prioritized climate activists over American families,” said U.S. Federal Housing Director William J. Pulte. “Consistent with President Trump’s Executive Orders, we are removing these distractions to ensure Fannie, Freddie, and our housing finance system stay laser focused on delivering the American dream of homeownership.”
In the letter, the Agency states that employees will no longer engage in NGFS committees, taskforces, or working groups, and further requests to be removed from the NGFS website and other public materials.