This annual report describes FHFA's accomplishments, as well as challenges, the agency faced in meeting the strategic goals and objectives during the past fiscal year.
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Operate the business in a safe and sound manner.
Promote sustainable and equitable access to affordable housing.
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Diversity, equity, and inclusion (DEI) form the foundation on which FHFA's core values (Fairness, Accountability, Integrity, and Respect) rest. We promote DEI in our Agency’s employment and business practices and those of the 15 financial institutions we regulate: Fannie Mae, Freddie Mac, Common Securitization Solutions, the 11 Federal Home Loan Banks, and the Banks’ Office of Finance. DEI is an essential component of our work to enhance and implement fair, equitable, sound, and effective housing finance policies for the American people.
At FHFA, we also work to increase hiring, promotion, and procurement opportunities for women, minorities, and people with disabilities. If you’re interested in doing business with us, please visit our
“Doing Business” page. If you’re interested in working with us, please visit our
At FHFA, we think of DEI as three connected elements:
Diversity is the “presence” — the mix of demographics and viewpoints across our workforce, management, and contracting partners.
Equity is the “access”— the initiatives that help provide equitable opportunities and knock down barriers to participation.
Inclusion is the “performance”— the behaviors that encourage a values-based culture of belonging and actions taken to build an integrated, dynamic, and sustainable FHFA DEI Program designed to achieve the Agency’s strategic goals and objectives with specific outcomes that demonstrate Inclusion.
More than just a moral imperative, DEI drives important cultural and business advantages:
Diversity allows for a wider range of views and fosters innovation. It enables organizations to solve problems more creatively and effectively, which increases the likelihood of and succeeding in their mission.
Equity expands access to products, services, and opportunities across organizations and communities.
A culture of inclusion contributes to the ease of hiring, greater satisfaction at work, and reduced turnover.
In recent years, FHFA has made steady progress in building a more diverse workforce and community of vendors. At year-end 2021, women made up 43.4 percent of FHFA’s workforce and minorities made up 46.7 percent—both up substantially from the end of 2020.
FHFA’s supplier diversity has also seen impressive growth: 18.9 percent of the Agency’s total contract spending in 2021 was with businesses owned by women or racial/ethnic minorities, up from 16.1 percent in 2020.
For more information, please see the
2021 Annual Report to Congress, issued by the Agency’s Office of Minority and Women Inclusion.
FHFA’s Office of Minority and Women Inclusion (OMWI), established under section 342 of
the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010 (Dodd-Frank Act), leads FHFA’s efforts to advance DEI and is responsible for all Agency matters relating to DEI in management, employment, and business activities. This includes overseeing and directing examinations of the regulated entities’ DEI programs and related activities by assessing the diversity policies and practices, as well as monitoring and assessing the entities’ compliance with DEI laws and regulations.
OMWI also develops and implements standards (DEI Standards) for:
Equal employment opportunity and the racial, ethnic, and gender diversity of the Agency’s workforce and senior management.
Participation of minority- and women-owned businesses in Agency programs and contracts and coordinating technical assistance to such businesses.
Evaluating the good faith efforts of FHFA contractors and subcontractors to promote diversity in their workforce.
OMWI works under the leadership of Director
Sharron P. A. Levine and Associate Director
Paul Priest, delivering on its mission through five integrated teams. For general questions about OMWI’s work, please email
OMWIinfo@fhfa.gov or call (202) 649-3806.
OMWI’s five integrated teams include:
D&I Examinations, led by Supervisory Examination Specialist
DEI Data Management, led by Supervisory Data Analytics Specialist
DEI Policy, led by Principal Policy Analyst
DEI Agency Practice, led by Supervisory D&I Program Manager
OMWI Operations, led by Supervisory D&I Program Manager
Page last updated: September 9, 2022
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