The affordable housing crisis has touched every corner of the country—and there is no shortage of proposed solutions. Last year, Freddie Mac creatively expanded its approach when it launched its first Equitable Housing Finance Plan. The plan outlines a robust strategy to alleviate challenges and create opportunities for all housing stakeholders, including diverse and emerging borrowers, developers and lenders.

The ambitious initiative, which underscores Freddie Mac's mission to support affordable housing, is designed to address traditionally underserved communities and institutions and increase the supply of affordable housing. Central to this effort is an initiative to support diverse and emerging borrowers, developers and lenders in the multifamily industry.

The initiative takes a multi-pronged approach: bridging the knowledge, financial and relationship gaps that can create barriers to development in underserved communities and building connections key to sustaining and growing these networks.

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Geoffery Metz

Geoffery Metz is the content manager for ALM's GlobeSt.com, Credit Union Times and Treasury & Risk. Before joining ALM, he spent several years overseeing the newsroom at the financial wire service Business Wire, with special focus on multimedia presentation for the web.