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Progress With Purpose

What Progress Means

Our goal is as simple as it is important. We aim to provide more housing opportunities for everyone in America.

We aim to do that in three ways: First, by looking inward to ensure that we are creating an equitable and inclusive environment where all our employees can thrive and contribute to our mission. Second, by knocking down the housing barriers of the past and expanding access to a quality, affordable place to call home. Third, by driving change across the entire housing industry, so that it better represents the people it serves.

Progress With Purpose - What Process Means

The Homeownership Gap 

Many consumers encounter obstacles throughout their housing journey, especially those from historically underserved groups. Across the country, many of the communities that suffered from a discriminatory past continue to suffer a persistently diminished present, with housing at the crux of the divide. 44% of Black consumers and 51% of Latino consumers own homes compared to 73% of non-Latino white consumers. These 29 and 22 percentage point gaps translate to roughly 4.4 million Black households and 4 million Latino households.

Homeownership Rate Gap Graph
Housing Reality Circle Callout

The housing reality for underserved Americans

Black and Latino Americans historically – and currently – face significant obstacles when it comes to securing and maintaining housing, both in the rental market as well as in homeownership. It’s vital that we understand these issues to develop solutions that responsibly expand housing equity for Black and Latino renters and homeowners.

Learn more

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Equitable Housing Finance Plan

Fannie Mae recently updated the 2022-2024 Equitable Housing Finance Plan focused on knocking down barriers faced by underserved communities and further drive our mission of facilitating equitable and sustainable access to homeownership and quality affordable rental housing in a safe and sound manner.

Read the plan

How We’re Making Progress 

We’re building sustainable solutions and taking actions to help create quality, affordable housing and a healthier environment while maintaining responsible business practices.

Appraiser Diversity Initiative success stories — Jessica Brown 

In partnership with the National Urban League, the Appraiser Diversity Initiative is cultivating the next generation of appraisers.

Moving Forward Today 

Our commitment to increasing positive social and environmental impacts in the housing industry has resulted in real benefits for households and communities.