NAR Letter to FHFA Regarding GSE Equity Plans

On October 25 NAR sent a letter  to Acting FHFA Director Sandra Thompson. The letter in responds to the the FHFA's request for input (RFI) regarding Enterprise Equitable Housing Finance Plans. NAR appreciates the efforts by the FHFA to improve the enterprises’ ability to perform their charter duties by exploring better ways to support underserved communities. NAR believes that the enterprises must recognize differences in communities that lead uneven homeownership outcomes for different demographics. We must apply best practices to boost homeownership opportunities for underserved communities and the United States as a whole. Furthermore, this process will take years of refinement, application, and tenacity to resolve.