Policy Briefing — July 11, 2025
FHFA expects Fannie Mae and Freddie Mac to submit 2024 Equitable Housing Finance Plan progress reports by July 31, 2025, pressing policy teams to evidence governance over fairness commitments, disclosure workflows, and stakeholder engagement.
Executive briefing: The Federal Housing Finance Agency requires the Enterprises to deliver annual Equitable Housing Finance Plan (EHFP) progress reports no later than July 31. For the 2024 cycle, FHFA’s January 2024 performance objectives demand disaggregated lending metrics, program milestones, and qualitative assessments covering special purpose credit programs, down payment assistance, small landlord financing, and housing counseling partnerships. FHFA staff review the submissions for alignment with Safety and Soundness Act obligations and may translate findings into supervisory directives, making July a policy-critical reporting window.
Policy watchpoints
- Objective tracking. Map each EHFP initiative to FHFA’s 2024 objectives, documenting measurable outcomes for homeownership equity, credit access, and housing stability before certification.
- Public transparency. Prepare redacted narratives and data tables for publication on enterprise websites within 30 days of FHFA acceptance to satisfy stakeholder expectations for accessible reporting.
- Fair lending alignment. Reconcile EHFP metrics with Equal Credit Opportunity Act, Community Reinvestment Act, and Duty to Serve obligations so policy staff can defend program design choices during supervisory reviews.
Stakeholder actions
- Board briefings. Schedule July governance sessions for enterprise boards and FHFA liaisons covering progress against milestones, remediation plans, and budget reallocations.
- Interagency coordination. Share draft findings with HUD, Treasury, and CFPB partners supporting equitable housing initiatives to anticipate policy overlaps and funding synergies.
- Community engagement. Document input from civil rights groups, housing counselors, and lender partners, linking qualitative feedback to program adjustments noted in the progress report.
Sources
- FHFA Equitable Housing Finance Plans
- FHFA 2024 EHFP Performance Objectives
- 2023 EHFP Performance Reports
Zeph Tech guides policy leaders through EHFP submissions, coordinating supervisory narratives, disclosure workflows, and community partnerships ahead of the July deadline.