WASHINGTON, D.C. – September 7, 2021 – Today, Sen. Sherrod Brown (D-OH) – Chairman of the U.S. Senate Committee on Banking, Housing, and Urban Affairs – issued the following statement following the Federal Housing Finance Agency’s (FHFA) announcement that it will now require Fannie Mae and Freddie Mac (the Enterprises) to prepare and implement Equitable Housing Finance Plans to remove barriers to housing access for underserved borrowers and renters, including households of color. FHFA also published a request for information seeking comments on the development and content of the plans.
“More than 50 years after we passed the Fair Housing Act, housing remains unequal,” Brown said. “The scars of redlining, predatory lending, and disinvestment are still visible in our neighborhoods and in the housing options families have today. I’m encouraged that the new Equitable Housing Plans will help ensure that Fannie Mae and Freddie Mac are living up to their obligation to serve eligible homeowners and renters across the country.”