June 27, 2024

FHFA: Inaugural Members Announced for the Federal Advisory Committee on Affordable, Equitable, and Sustainable Housing

Diverse 20-member committee will advise Director on housing needs and housing finance policies

The Federal Housing Finance Agency (FHFA) today announced the inaugural members of its Advisory Committee on Affordable, Equitable, and Sustainable Housing. The Committee will provide non-binding advice to FHFA on how its regulated entities (Fannie Mae, Freddie Mac, and the Federal Home Loan Banks) can best serve as a reliable and responsible source of liquidity and funding for housing finance and community investment, including both single-family and multifamily housing.

“I thank the Committee members for their willingness to share their deep housing expertise with FHFA,” said Director Sandra L. Thompson. “The wide-ranging factors driving the Nation’s housing affordability challenges will be best identified and addressed with perspectives anchored in on-the-ground experience.”

FHFA publicly sought representatives from various fields to focus on an array of housing topics, including fair housing, tenant advocacy, single-family and multifamily lending and servicing, affordable housing development, capital markets, and technology.

Each Committee meeting will better inform FHFA’s policy development, rulemaking, and community and public engagement functions as described in the Committee’s charter. The Committee is advisory in nature with members serving a term of two years. The Committee will convene for its first meeting this fall.

Advisory Committee on Affordable, Equitable, and Sustainable Housing:

Visit FHFA’s website for more information about the Agency’s Advisory Committee on Affordable, Equitable, and Sustainable Housing.

This post was originally published here.