Fannie Mae Launches Expanded Housing Choice Initiative

Fannie Mae launched the Expanded Housing Choice initiative, a 12-month pilot starting in North Carolina and Texas that will offer lower financing costs to incentivize multifamily property owners with Fannie Mae-backed loans to accept HUD’s Housing Choice Vouchers (HCVs). The program is designed to promote equity and opportunity by driving greater acceptance of HCVs in the multifamily market, which enables more voucher holders to access rental housing in higher-opportunity areas. 

As part of this initiative, Fannie Mae has partnered with Enterprise Community Partners to provide resources that help lenders and borrowers understand and get the most out of HUD’s HCV program. The initiative will be executed through Fannie Mae’s Multifamily Delegated Underwriting and Servicing platform, which finances quality, sustainable and affordable rental housing.

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