DS News: Fannie Offers $10M for Affordable Housing Solutions

Fannie Mae is offering $10 million for solutions to the country’s affordable housing issues.  The government-sponsored enterprise issued its Sustainable Communities Innovation Challenge earlier this week. As part of the Challenge, Fannie Mae is requesting proposals from the public, private, and nonprofit sectors for “promising ideas that will help it address the nation’s affordable housing issues,” the GSE reported. According to Jeffery Hayward, EVP and Head of Multifamily at Fannie Mae, the Challenge is part of the GSE’s overall mission to serve the American consumer. “The Challenge is a responsible way for Fannie Mae to uncover and explore innovative solutions to help address the affordable housing crisis in America,” Hayward said. “It supports our broad mission to increase housing opportunities across the country that are safe, sustainable, and affordable. We are excited to collaborate with new partners to source innovative ideas from other sectors.”