Fannie Mae launches Expanded Housing Choice Initiative

Fannie Mae has announced its Expanded Housing Choice initiative, aiming to make the rental housing market more inclusive and equitable by expanding the availability of multifamily units that accept HUD housing choice vouchers.

The GSE said the 12-month initiative includes a new pricing incentive for multifamily owners who accept housing choice vouchers, which help provide housing for very low-income families, seniors, historically underserved populations, and people with disabilities.

“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 Fannie Mae CEO Hugh Frater. “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.”