NCSHA Comment Letter on FHFA’s RFI on Single-Family Social Bonds
On May 17, 2023, NCSHA sent this letter to the Federal Housing Finance Agency (FHFA) in response to its February 16 Request for Input on Fannie Mae and Freddie Mac’s policies toward social bonds. In the letter, NCSHA argued that the Government Sponsored Enterprises (GSEs) issuing single-family mortgage securities classified as social bonds under the framework for Environmental, Social, and Governance (ESG) securities could help to increase liquidity in the single-family market and expand access to affordable homeownership loans for working families and other underserved communities. NCSHA urged FHFA to work with the GSEs to explore issuing single-family ESG bonds and suggested HFAs would be ideal partners with the GSEs as they develop and expand ESG programs.
