Recently, the Federal Housing Finance Agency (FHFA) announced that it would be requiring Fannie Mae and Freddie Mac to prepare Equitable Housing Finance Plans to advance equity in housing finance.
In September, the FHFA issued a Request for Input on these plans, including its intention to require Fannie and Freddie to take actions within their power to address racial gaps in homeownership and reducing underinvestment in historically redlined areas. FHFA welcomed comments on barriers to equitable housing opportunities and ways that Fannie Mae and Freddie Mac could address them.
Check out Cinnaire’s comment letter, including recommendations for steps the Enterprises can address barriers to equitable housing.
About Cinnaire
Cinnaire is a non-profit financial partner that supports community and economic revitalization initiatives through creative investments, loans, and development services. Since 1993, Cinnaire has invested $4.7 billion to develop 811 housing communities in 10 states, providing 49,700 affordable apartment homes for more than 100,000 individuals and families, and has provided community development loans to support the creation/retention of more than 187,000 square feet of commercial, mixed-use, and community space. In its mission to change lives and transform neighborhoods into thriving communities, Cinnaire has helped to create or retain over 76,000 jobs and spurt $7.9 billion in economic impact. www.cinnaire.com
.jpg "aerial-riverside-copy (1)")
