Pulte announces FHFA’s termination of equitable housing committee

On Tuesday, Federal Housing Finance Agency (FHFA) Director Bill Pulte took to X to announce the agency’s termination of the advisory committee on affordable, equitable and sustainable housing, also known as ACAESH.

“Effective Immediately, U.S. Federal Housing is TERMINATING Biden’s ‘racial equality committee’ which was dishonestly labeled ‘Affordable, Equitable, and Sustainable Housing.’ We are, instead, focused on the safety of the market and restoring the American Dream!” the post read.

ACAESH was formed in September 2022 during the Biden administration, according to a charter found on FHFA’s website. The charter outlined that the committee would advise the FHFA on how Fannie Mae, Freddie Mac and the Federal Home Loan Banks can better support affordable, fair and sustainable housing, including identifying needs, barriers and potential policy changes.

In June 2024, FHFA named the inaugural members of the committee after it went through an application solicitation process in September 2023. The members reported directly to then-FHFA Director Sandra Thompson and each was expected to serve a two-year term.

Tuesday’s announcement comes after Pulte’s post last week on X that the FHFA is withdrawing from the Network of Central Banks and Supervisors for Greening the Financial System (NGFS), a coalition that promotes green finance and climate change solutions.