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INVESTMENT GOVERNMENT PROPERTY PRESERVATION
Journal
FANNIE MAE
VOUCHER PROGRAM
TO EXPAND ACCESS
TO AFFORDABLE
HOUSING
Fannie Mae has announced its Expanded
Housing Choice initiative, providing a
new pricing incentive for Texas and North
Carolina multifamily property owners who
accept U.S. Department of Housing and
Urban Development (HUD) Housing Choice
Vouchers.
"As we fulfill our mission, we are working
with the housing community to expand access
to affordable housing for those who need it
most," said Hugh R. Frater, CEO of Fannie
Mae. "Housing Choice Vouchers provide
assistance to a wide range of individuals and
families in need. But many voucher holders—
especially people of color—are unable to use
their vouchers before they expire or end up
living in areas of concentrated poverty. Our
Expanded Housing Choice initiative is a way
to drive greater acceptance of vouchers in the
multifamily market and, with that, greater
equity and opportunity."
Expanded Housing Choice aims to make
the rental housing market more inclusive and
equitable by expanding the availability of
multifamily units that accept housing choice
vouchers. is 12-month initiative is set to be
launched in Texas and North Carolina and
will consider feedback from customers, key
stakeholders, and market participants.
"We are constantly working to create
innovative solutions for promoting sustainable
affordable housing and benefiting renters,"
said Michele Evans, EVP and Head of
Multifamily for Fannie Mae. "Our Expanded
Housing Choice initiative can help expand
housing access for people who use vouchers;
build strong, vibrant resident communities;
and support steady income streams for
property owners."
As part of the Expanded Housing Choice
initiative, Fannie Mae has partnered with
Enterprise Community Partners to provide
resources that help lenders and borrowers
understand HUD's Housing Choice Voucher
program.
Expanded Housing Choice will be
executed through Fannie Mae's Multifamily
Delegated Underwriting and Servicing (DUS)
platform.
