Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Committee on Financial Services, released the following statement following the confirmation of Sandra Thompson to serve as Director of the Federal Housing Finance Agency (FHFA). 

“I congratulate Director Sandra L. Thompson, who will be the first Black woman to serve as FHFA Director. Our nation continues to face a worsening housing crisis that falls disproportionately on communities of color and threatens to lock future generations out of stable, equitable homeownership. Now more than ever, it is imperative that we have an FHFA Director who will work to find equitable and innovative solutions to expand access to homeownership and affordable housing for every community and prospective homebuyer.  

“Ms. Thompson’s years' worth of experience in promoting access to mortgage credit nationwide and protecting the safety and soundness of the housing finance system demonstrates her unwavering commitment to ensuring that the government-sponsored enterprises (GSEs) are well capitalized and operate to expand low-cost mortgage credit to all communities. What’s more, Ms. Thompson’s experience working through several crises, including during the current pandemic, makes her well positioned to continue tackling our nation’s housing crisis head on.  

“I look forward to continuing to work with Director Thompson to advance housing affordability, expand the dream of homeownership, and close the racial wealth gap in this country.” 

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