The Federal Housing Finance Agency (FHFA) recently announced plans to establish a Federal Advisory Committee with a focus on affordable, equitable, and sustainable housing.
“The formation of an advisory committee will better position FHFA to fulfill its strategic goal of supporting access to affordable, equitable, and sustainable housing,” FHFA Director Sandra L. Thompson said.
Thompson said the announcement noting the panel’s formation represents the FHFA’s commitment to transparency, ongoing dialogue with stakeholders and the public, and thoughtful policymaking connecting equitable access with safety and soundness.
The Committee would offer advice and input regarding affordable, equitable, and sustainable housing needs, in addition to any regulatory or policy changes necessary or beneficial to address such matters.
Committee input is also anticipated with regard to housing and long-term sustainability barriers, per the FHFA, adding the panel’s activities will focus on 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.
FHFA indicated the agency would seek Committee members engaged in the financing, development, and/or administration of affordable, equitable, and sustainable housing and housing policy and who have expertise applicable to Fannie Mae, Freddie Mac, or the Federal Home Loan Banks in areas that include, among others, fair housing, fair lending, or civil rights; single-family lending, servicing, development, mortgages, or capital markets; multifamily lending, servicing, development, mortgages, capital markets, or investments; and academic or non-academic affiliated housing research.