​​The Federal Housing Finance Agency (FHFA or Agency) is committed to fostering a diverse workforce at all levels of the Agency. In 2023, for the first time in the Agency’s history, racial and ethnic minorities1 represented the majority of FHFA’s workforce. This commitment also extends to the Agency’s contracting and procurement efforts, where, in 2023, FHFA awarded the most contracting dollars to Minority- and Women-Owned Businesses (MWOBs) in the Agency’s history.

Key highlights of FHFA’s 2023 Office of Minority and Women Inclusion (OMWI) Annual Report to Congress include:

• For the first year in FHFA history, the majority of the workforce comprised racial and ethnic minorities. From 2019 to 2023, the racial and ethnic minority representation increased by 30.4 percent.
• Over the same period, representation of racial and ethnic minorities, females, and employees with disabilities across FHFA’s top six mission-critical occupations2 ​increased by 28.5 percent, 7.3 percent, and 69.6 percent, respectively.
• Racial and ethnic minorities accounted for 46.6 percent of total supervisors. Women held almost half of supervisory positions (47.7 percent).
  
• Racial and ethnic minorities accounted for 36.4 percent of executives, women accounted for 36.4 percent of executives, and individuals with disabilities held 10.9 percent of executive positions.
• The MWOB obligation amount of $36,439,719 was the largest in FHFA’s history and exceeded 2022’s previously historical obligation amount by $6,582,821, or 22 percent.

As part of our commitment to promoting transparency and access to data, FHFA also published a set of dashboards that provide some of the tables and figures included in the 2023 OMWI Annual Report to Congress. Users with software to assist with accessibility can easily download standardized and aggregated data in a machine-readable format.

FHFA has an ongoing commitment to increase hiring, promotion, and procurement opportunities for women, minorities, and people with disabilities. We regularly promote diversity, equity, inclusion, and accessibility initiatives in our employment and business practices and across the institutions we regulate. OMWI’s work is an essential component of FHFA’s mission to enhance and implement fair, equitable, sustainable, and effective housing finance policies.

1 Small Racial / Ethnic Minorities could include employees who self-identified as American Indian/Alaska Native, Native Hawaiian and Other Pacific Islander, Hispanic/Latino, or as Two or More Races. Two or More Races is used when employees identified as having ancestry from more than one of the following groups: Black/African American, American Indian/Alaska Native, Asian, Native Hawaiian/Other Pacific Islander, and White. Consistent with Equal Employment Opportunity reporting requirements, FHFA considers any employee who self-identified as Hispanic/Latino and other races as Hispanic/Latino.

2 Economists (0110); Policy Analysts (a subset of the Management and Program Analyst series) (0343); Accountants (0510); Financial Institution Examiners (0570); Attorneys (0905); and Financial Analysts (1160).