Press Release News

Washington- Ginnie Mae hosted its inaugural U.S. Latin America Investor Roundtable in the Department of Housing and Urban Development (HUD) headquarters in Washington D.C. on Thursday, March 14, 2024. The event had the support of the Inter-American Development Bank (IDB) and brought together more than 150 in-person and virtual participants from Latin America and the Caribbean to have a discussion regarding housing finance in the social and sustainability framework.

The program witnessed senior government officials and industry leaders from Mexico, Brazil, the Dominican Republic, Trinidad, Peru, Colombia, Chile, Panama, El Salvador, Guatemala, Korea, and Japan. The panel discussions emphasized on:

• Expanding the housing finance availability by using portfolio lending or capital markets funding.
• The role of the government in promoting social and sustainable lending.
• Innovations to be made in housing finance.
• Sustainable housing and climate risk.

The main purpose of these discussions was to figure out the challenges and opportunities across the region along with reaffirming commitments to best practices and knowledge sharing in the wake of creating solutions which in turn would create more affordable and environmentally friendly housing.

HUD Secretary Marcia L. Fudge said, “Ginnie Mae’s work is instrumental to efforts to expand access to housing finance in the United States and around the world. This roundtable brought a historic assembly of global leaders together to tackle the biggest issues in housing, including social and sustainable lending, and innovation in housing finance.”

Ginnie Mae President Alanna McCargo said, “Housing affordability and community development is a central part of the many policy and economic priorities we share across the Americas. Our collaboration with the Inter-American Development Bank and the organizations that participated in the roundtable is a start of collective work to pursue avenues to increase the affordable housing supply and help more households access safe and affordable rental and homeownership opportunities.”

Assistant Secretary for Housing and Federal Housing Commissioner Julia Gordon says that despite having differences in the structure of the housing finance systems, nearly everyone has to go through similar challenges such as natural disasters, affordability, and underserved populations. The best way to highlight successful innovations and enrich all our programs along with underscoring the importance of our role as a global partner is sharing ideas and approaches.

You can access the recordings of the sessions on Ginnie Mae’s website in the coming weeks. Also, you can get more information regarding Ginnie Mae from social media platforms like Facebook, YouTube, Linkedin, and X (earlier known as Twitter).

About Ginnie Mae

Ginnie Mae is a fully-owned government corporation working on attracting global capital into the housing finance system so that it can support homeownership for veterans and millions of homeowners throughout the country. The mortgage-backed securities (MBS) programs of Ginnie Mae support the housing finance programs administered by the Federal Housing Administration, the Department of Housing and Urban Development’s Office of Public and Indian Housing, the Department of Veteran Affairs, and the Department of Agriculture Rural Housing Service. Ginnie Mae is the only MBS that carries the full faith and credit of the U.S. Government.