SAHF, Partners Call for Preserving Access and Affordability in Possible Reforms to Fannie, Freddie
In January 2019, the Federal Housing Finance Administration (FHFA), which oversees the Government Sponsored Enterprises (GSEs) Fannie Mae and Freddie Mac, began its next chapter under new leadership. Given the possibility of administrative reforms to the GSEs under new leadership, 28 organizations representing a diversity of perspectives in the multifamily housing market sent a letter to FHFA acting director Otting with priorities for preserving access and affordability. The letter calls on the FHFA to 1.) preserve what works in the current system, including supporting affordable housing and community development through the Capital Magnet Fund and Housing Trust Fund; and 2.) maintain stability by avoiding unintended adverse consequences for borrowers, lenders, investors, and taxpayers in any possible reforms.