Affordable Housing: How Shared Equity Programs Help Create More Homeownership Opportunities
Affordable Housing: How Shared Equity Programs Help Create More Homeownership Opportunities
Listen to the Housing Wire podcast featuring Simone Beaty, director of single-family affordable lending at Freddie Mac, as she discusses our affordable housing solutions, impact of COVID-19 on underserved communities and how we're supporting shared equity programs to address the increasing demand for affordable homeownership.
Given the increasing demand for affordable housing in high-cost areas and the impact of COVID-19 on underserved communities, Freddie Mac is focused on providing solutions to clients that meet these needs. In this podcast, Simone Beaty, addresses:
- Shared equity homeownership programs that provide housing opportunities with long-term affordability for low- or moderate-income homebuyers.
- Our partnership with NextJob®, a national re-employment solutions company, to help servicers assist eligible homeowners with Home Possible® and HFA Advantage® mortgages in specific high-needs areas who experience employment challenges
- Green initiatives like GreenCHOICE Mortgages® that facilitate the financing of energy efficient home improvements and energy efficient homes
- Renovation mortgage options like the CHOICERenovation® mortgage offering that help finance home improvements
Visit the Duty to Serve web page to learn more about we’re supporting shared equity programs and other affordable housing initiatives that help borrowers sustain homeownership.