Stories for moving forward
The past year was both challenging and hopeful. At Fannie Mae, it was a year of strengthening our commitment to a future where housing is more equitable, affordable, and stable. We continued to be here to help homeowners and renters affected by the pandemic and other disasters, but you’ll also learn about innovations that can lead to a fairer, healthier housing system for all.
Good health starts at home
In partnership with Children’s National Hospital Health Systems, Fannie Mae is improving the quality of affordable housing and the health of residents in underserved communities in Washington, D.C. Our Sustainable Communities Initiative project addresses indoor allergens that trigger health concerns — specifically pediatric asthma — and provides much-needed remediations (fixing leaky roofs, installing air filtration, removing moldy carpet, and more) that not only improve the quality and value of the home, but also help keep it affordable.
Learn more at fanniemae.com/childrens-national.
Tiny homes, tremendous impact
Through Fannie Mae’s Sustainable Communities Initiative, we continue to increase access to affordable housing. Our project with the Human Resource Development Council of District IX (HRDC) helped build Housing First Village in Bozeman, MT. This community provides stable housing to people who were previously experiencing homelessness and offers enhanced resident services like financial coaching, health care coordination, and mental health counseling. Housing First Village expects to provide savings to the city. Per person, the costs to community service providers, including health, social services, and corrections, is $28,000 per year. The cost to build housing and provide resident support services in Housing First Village is $12,000 per person, per year. That’s $16,000 in savings to the city per person, per year.
Learn more at fanniemae.com/housing-first-village.
Helping renters weather the storm
A renter in Louisiana reached out to Fannie Mae’s Disaster Response Network™ in September 2021. After months of job-searching, she had just found a new job. But then disaster struck. She was already six months behind on her rent because of COVID-19-related unemployment — and then Hurricane Ida hit. Her new workplace was damaged, with no confirmed reopen date, and her apartment was uninhabitable. She had to live in a hotel paid for out of pocket. She submitted a claim with FEMA but was waiting on approval. Her property management company encouraged her to contact the Disaster Response Network for help. When she first spoke with her counselor, she was unsure how she could make ends meet or what steps to take next. After hearing her circumstances, the counselor was able to provide her with contact information for the Louisiana Emergency Rental Assistance Program as well as resources to help her secure emergency food and utility assistance. Since that initial call, she applied for and received rental assistance funds. The program allowed her to catch up on past rent and covered her rent through March 2022. She is living in her apartment again, back to work, and on her way to a full recovery.