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Committee Detail

Note: An Annual Comprehensive Review, as required by §7 of the Federal Advisory Committee Act, is conducted each year on committee data entered for the previous fiscal year (referred to as the reporting year). The data for the reporting year is not considered verified until this review is complete and the data is moved to history for an agency/department. See the Data From Previous Years section at the bottom of this page for the committee’s historical, verified data.

Details on agency responses to committee recommendations can be found under the Performance Measures section for each committee in the fields “Agency Feedback” and “Agency Feedback Comment.”


FHFA - 84665 - Advisory Committee on Affordable, Equitable, and Sustainable Housing - Agency Authority
Hide Section - GENERAL INFORMATION

GENERAL INFORMATION

Committee NameAdvisory Committee on Affordable, Equitable, and Sustainable HousingAgency NameFederal Housing Finance Agency
Fiscal Year2022Committee Number84665
Original Establishment Date9/12/2022Committee StatusChartered
Actual Termination Date Committee URLhttps://www.fhfa.gov/PolicyProgramsResearch/Pro...
New Committee This FYYesPresidential Appointments*No
Terminated This FY Max Number of Members*20
Current Charter Date9/12/2022Designated Fed Officer Position Title*DFO
Date Of Renewal Charter9/12/2024Designated Federal Officer Prefix
Projected Termination Date Designated Federal Officer First Name*Erin
Exempt From Renewal*NoDesignated Federal Officer Middle Name
Specific Termination AuthorityAgency AuthorityDesignated Federal Officer Last Name*Barry
Establishment Authority*Agency AuthorityDesignated Federal Officer Suffix
Specific Establishment Authority*Agency AuthorityDesignated Federal Officer Phone*(202) 649-3287
Effective Date Of Authority*9/12/2022Designated Federal Officer Fax*
Exempt From EO 13875 Discretionary CmteNot ApplicableDesignated Federal Officer Email*erin.barry@fhfa.gov
Committee Type*Continuing
Presidential*No
Committee Function*Non Scientific Program Advisory Board
Hide Section - RECOMMENDATION/JUSTIFICATIONS

RECOMMENDATION/JUSTIFICATIONS

Agency Recommendation*Continue
Legislation to Terminate RequiredNot Applicable
Legislation StatusNot Applicable
How does cmte accomplish its purpose?*The purpose of the Committee is to advise FHFA in the exercise of its functions, regarding affordable, equitable, and sustainable housing, including but not limited to, affordable, equitable, and sustainable housing needs, barriers to access, barriers to long-term sustainability, and any regulatory, guidance, or policy changes that may be necessary to expand affordable, equitable, and sustainable housing, with a focus on FHFA’s regulated entities – Fannie Mae, Freddie Mac, and the Federal Home Loan Banks – and their respective roles in providing a reliable source of liquidity and funding for housing finance and community investment including both single-family and multifamily housing.

The scope of the Committee’s activities shall include providing information and analysis in support of recommendations to FHFA. Each committee meeting will better inform any or all of the following: FHFA’s policy development, rulemaking, or community and public engagement functions as they relate to affordable, equitable, and sustainable housing.
How is membership balanced?*To ensure diverse points of view and relevant expertise on the Committee, its membership should include individuals representing financial institutions, trade associations, or organizations engaged in the financing, development, and/or administration of affordable, equitable, and sustainable housing and housing policy, including but not limited to: the three Duty to Serve Underserved Markets (rural housing, manufactured housing, and affordable housing preservation); and financing of environmental, social, and governance (ESG) or social bond financial instruments. FHFA would seek members with the relevant expertise, applicable to Fannie Mae, Freddie Mac, or the Federal Home Loan Banks, from the following areas:

1. fair housing, fair lending, or civil rights;
2. single-family lending, servicing, development, mortgages, or capital markets;
3. multifamily lending, servicing, development, mortgages, capital markets, or investments (i.e. Low-Income Housing Tax Credits);
4. consumer, tenant, or community advocacy;
5. market technology;
6. state, local, or tribal government housing policies and programs;
7. academic or non-academic affiliated housing research.
How frequent & relevant are cmte mtgs?*Committee meetings will be held at least twice per year.
Why advice can't be obtained elsewhere?*While other federal regulators convene advisory committees that include some discussion related to housing, none of these committees focuses on the affordable housing activities of the secondary mortgage market including Fannie Mae and Freddie Mac (the Enterprises), and the Federal Home Loan Banks, nor do they apply the dual responsibilities of mission and safety and soundness found within the Federal Housing Finance Agency (FHFA).

FHFA frequently engages in outreach initiatives to gather information from relevant stakeholders. These initiatives include statutorily required public comment periods seeking written comments, stakeholder listening sessions, and other meetings. Unlike those other methods, the Advisory Committee on Affordable, Equitable, and Sustainable Housing (the Committee) would provide a formal communication channel between FHFA and the affordable, sustainable, and equitable housing community, by which stakeholders would provide advice to FHFA in a group setting rather than by individual channels.
Why close or partially close meetings?Meetings will be open to the public, except as determined otherwise by the Director or other official to whom this authority has been delegated, in accordance with guidelines under the Government Sunshine Act, 5 U.S.C. 552b(c) and the FACA.
Recommendation RemarksFHFA established the Committee late in Fiscal Year 2022. The agency is working to appoint members to complete the formation of the Committee.
Hide Section - PERFORMANCE MEASURES

PERFORMANCE MEASURES

Outcome Improvement To Health Or Safety*NoAction Reorganize Priorities*No
Outcome Trust In Government Action Reallocate Resources 
Outcome Major Policy Changes Action Issued New Regulations 
Outcome Advance In Scientific Research Action Proposed Legislation 
Outcome Effective Grant Making Action Approved Grants Or Other Payments 
Outcome Improved Service Delivery Action Other 
Outcome Increased Customer Satisfaction Action CommentN/A
Outcome Implement Laws/Reg Requirements Grants Review*No
Outcome Other Number Of Grants Reviewed0
Outcome CommentN/ANumber Of Grants Recommended0
Cost Savings*NoneDollar Value Of Grants Recommended$0.00
Cost Savings CommentN/AGrants Review CommentN/A
Number Of Recommendations*0Access Contact Designated Fed. Officer*Yes
Number Of Recommendations CommentN/AAccess Agency WebsiteYes
% of Recs Fully Implemented*0.00%Access Committee WebsiteYes
% of Recs Fully Implemented CommentN/AAccess GSA FACA WebsiteYes
% of Recs Partially Implemented*0.00%Access Publications 
% of Recs Partially Implemented CommentN/AAccess Other 
Agency Feedback*Not ApplicableAccess CommentN/A
Agency Feedback Comment*The committee has not met yet.Narrative Description*The Committee will advise FHFA in the exercise of its functions, regarding affordable, equitable, and sustainable housing, including but not limited to, affordable, equitable, and sustainable housing needs, barriers to access, barriers to long-term sustainability, and any regulatory, guidance, or policy changes that may be necessary to expand affordable, equitable, and sustainable housing, with a focus on FHFA’s regulated entities – Fannie Mae, Freddie Mac, and the Federal Home Loan Banks – and their respective roles in providing a reliable source of liquidity and funding for housing finance and community investment including both single-family and multifamily housing.
Hide Section - COSTS

COSTS

Payments to Non-Federal Members*$0.00Est Payments to Non-Fed Members Next FY*$0.00
Payments to Federal Members*$0.00Est. Payments to Fed Members Next FY*$0.00
Payments to Federal Staff*$168,629.00Estimated Payments to Federal Staff*$299,098.00
Payments to Consultants*$0.00Est. Payments to Consultants Next FY*$0.00
Travel Reimb. For Non-Federal Members*$0.00Est Travel Reimb Non-Fed Members nextFY*$5,000.00
Travel Reimb. For Federal Members*$0.00Est Travel Reimb For Fed Members*$0.00
Travel Reimb. For Federal Staff*$0.00Est. Travel Reimb to Fed Staff Next FY*$0.00
Travel Reimb. For Consultants*$0.00Est Travel Reimb to Consultants Next FY*$0.00
Other Costs$0.00Est. Other Costs Next FY*$22,000.00
Total Costs$168,629.00Est. Total Next FY*$326,098.00
Date Cost Last Modified11/29/2022 6:34 PMEst. Fed Staff Support Next FY*2.00
Federal Staff Support (FTE)*1.10Est Cost RemarksEstimated costs include a full year of staffing needs and support to conduct meetings.
Cost RemarksFHFA established the Committee late in Fiscal Year 2022. The agency is working to appoint members to complete the formation of the Committee. Existing costs are associated with staffing to establish the Committee.  
Hide Section - Interest Areas

Interest Areas

Category
Area
Agriculture
Rural Development
Civil Rights
Civil Rights
Finance
Banking
Credit
Finance
Investment
Securities
Government
Federal Government
Housing and Urban
Housing and Urban Development
Hide Section - MEMBERS,MEETINGS AND ADVISORY REPORTS

MEMBERS,MEETINGS AND ADVISORY REPORTS

To View all the members, meetings and advisory reports for this committee please click here
Hide Section - CHARTERS AND RELATED DOCS

CHARTERS AND RELATED DOCS

No Documents Found