Fannie Mae and Freddie Mac have published their three-year plans for improving housing opportunities in underserved markets and communities, the Federal Housing Finance Agency (FHFA), regulator of the GSEs, has announced.
This time around, the government-sponsored enterprises (GSEs) plan to expand their focus on rural communities, among other activities.
The goal is to advance equitable housing access in markets and communities facing persistent challenges.
This includes offering support for manufactured housing and addressing liquidity needs for first-time homebuyers.
The GSEs’ 2025-2027 Duty to Serve (DTS) Underserved Markets Plans seek to improve access to mortgage liquidity across three underserved housing markets: manufactured housing, affordable housing preservation, and rural housing.
“These new plans underscore the commitment of FHFA and the GSEs to ensure that the housing finance system responsibly supports borrowers and renters across the country,” says Sandra L. Thompson, director of the FHFA, in a statement. “It is critical that innovative ideas for addressing liquidity needs in underserved markets be implemented and scaled up in rural communities and other areas facing access and affordability challenges.”
The requirement to create and publish DTS Underserved Markets Plans was established by Congress in the Housing and Economic Recovery Act of 2008, which directed the GSEs to develop ways to improve mortgage access for very low-, low-, and moderate-income families.
Photo: Jackson Simmer