Rising interest rates, building material costs and unprecedented inflation have exacerbated America’s fight to keep housing affordable. We seem to be moving further and further away from the foundational aspect of home ownership as part of the ‘American Dream.’ Whether by choice or force, America has gravitated more and more to a renter’s society. And this transition has placed an even greater emphasis on providing safe and adequate affordable housing in the multifamily market.
Since their inception, Fannie Mae and Freddie Mac, the nation’s largest lenders in this space, have been mission oriented in championing affordable housing across the country. Much has been said and written about Fannie Mae and Freddie Mac’s role leading up to and then following the Great Recession. In 2008, Congress passed legislation establishing the Federal Housing Finance Agency (FHFA) as the regulatory oversight body of Fannie Mae, Freddie Mac and the Federal Home Loan Banks. Part of this legislation tasked the FHFA with the ability to establish housing mission goals with an emphasis on affordable housing.
This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.
To view this content, please continue to their sites.
Not a Lexis Subscriber?
Subscribe Now
Not a Bloomberg Law Subscriber?
Subscribe Now
LexisNexis® and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information.
For questions call 1-877-256-2472 or contact us at [email protected]
