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August 2022

Today's Date: July 2, 2024

PARAMOUNT GLOBAL, NICKELODEON AND DCMP FORM MULTI-YEAR PARTNERSHIP TO MAKE BRANDS' GLOBALLY BELOVED KIDS' PROGRAMMING ACCESSIBLE • Chinatown Storytelling Centre Opens New Exhibit: Neighbours: From Pender to Hastings • Travel Industry Professional Women Gather for Third Annual Women in Travel THRIVE at HSMAI Day of Impact 2024 • SCOTUS Ruling in Rahimi Case Upholds Protections for Domestic Violence Survivors, BWJP Experts Celebrate • REI Systems Awarded $6M Contract from U.S. Department of Veterans Affairs for its Grants Management Solution • Media Advisory: Arvest Bank Awards $15,000 CARE Award to University District Development Corp. • World's Largest Swimming Lesson™ (#WLSL2024) Kicks Off First Day of Summer with Global Event Teaching Kids and Parents How • Produced by Renegade Film Productions/Chameleon Multimedia, Obscure Urban Legend ‘Sweaty Larry’ to Be Invoked for Fi • Shop, Sip, and Support Social Justice Programs at Five Keys Furniture Annex in Stockton, California, on Saturday, June 22nd from • Susan G. Komen® Warns of Dire Impact from Braidwood Management, Inc. et al. v. Xavier Becerra et al. Ruling That Will Force • Melmark Receives $30M Gift to Fuel Services for Individuals with Autism, Intellectual and Developmental Disabilities • Black-Owned Pharmacy Startup in St. Louis Combines Services of Walgreens and Amazon to Address Pharmacy Desert Crisis • Martina Navratilova, Riley Gaines, Donna de Varona, Jennifer Sey Join Female Athletes For Rally in Washington, DC to "Take Back • Survey of Nation's Mayors Highlights City Efforts to Support LGBTQ+ Residents • Media Advisory: Federal Housing Finance Agency Director Sandra Thompson Visits Affordable Apartment Complex in Dallas • Lifezone Metals Announces Voting Results from its 2024 Annual General Meeting • The V Foundation for Cancer Research Announces 2024 Recipients for A Grant of Her Own: The Women Scientists Innovation Award for • Maximus Named a Top Washington-Area Workplace by The Washington Post • Carín León's Socios Music Forms Global Partnership with Virgin Music Group and Island Records • Freedmen’s Town Community Investment Initiative Launches

Housing Agency Proposes Regulation On Minority And Women Inclusion

FEDERAL HOUSING FINANCE AGENCY

Washington, DC -- The Federal Housing Finance Agency,(FHFA), has sent to the Federal

rule implements Section 1116 of the Housing and Economic Recovery Act of 2008 (HERA).

The proposed rule will be open for public comment for a period of 60 days after publication.

The proposed rule sets forth the elements of the agency’s diversity program, reflecting the

requirement in Section 1116 “to take affirmative steps to seek diversity in its workforce . . .

consistent with the demographic diversity of the United States.” As also required by HERA, the

proposed rule explains that the agency will exercise its regulatory and supervisory

responsibilities to monitor and ensure Fannie Mae, Freddie Mac, each of the 12 Federal Home

Loan Banks and the Bank System’s Office of Finance adhere to diversity requirements.

The proposal extends the coverage of diversity requirements to disabled populations as well as

the minority and female populations required by HERA. The proposed rule identifies basic

requirements for diversity programs at each regulated entity and applies the requirements to all

aspects of the entity’s workforce, operations and business. Fannie Mae, Freddie Mac, each

Federal Home Loan Bank and the Federal Home Loan Bank System’s Office of Finance would

be required to establish, maintain and adequately fund a diversity program, take diversity into

account when considering competing bids for contracts and engage in diversity outreach for

employment, board memberships and contracting. The proposed rule requires each entity also

to report annually to the FHFA certain demographic data concerning diversity in employment

and contracting.

FHFA will take all comments into consideration in moving to a final rule on minority and

women inclusion.

Link to Proposed Rule sent to Federal Register.

###

The Federal Housing Finance Agency regulates Fannie Mae, Freddie Mac and the 12 Federal Home Loan Banks.

These government-sponsored enterprises provide more than $6.3 trillion in funding for the U.S. mortgage markets

and financial institutions

Contact: Corinne Russell (202) 414-6921

Stefanie Mullin (202) 414-6376

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