The Senate recently confirmed Bill Pulte as Federal Housing Finance Agency (FHFA) Director by a 56-43 vote. The FHFA oversees Fannie Mae, Freddie Mac, and the Federal Home Loan Bank System, which collectively provide more than $8.5 trillion in funding for U.S. mortgage markets and financial institutions. Currently, the FHFA sets and adjusts the annual investment cap for Fannie Mae and Freddie Mac in the LIHTC market.

What You Need to Know: Bill Pulte has set clear priorities on housing affordability, homeownership growth, and government-sponsored enterprise operational effectiveness. With experience in housing development, private equity, and philanthropy, Pulte comes into a role central to the future of housing affordability initiatives and ongoing regulation of Fannie Mae and Freddie Mac.

Though he has not directly stated plans for the LIHTC program, his extensive experience in low-cost housing initiatives through the Pulte Family Charitable Foundation and PulteGroup indicates strong potential support of initiatives that complement his affordability agenda.

What’s Next: As Pulte settles into his role, stakeholders should keep a close eye on policy developments and structural changes within Fannie Mae and Freddie Mac. Pulte has stated a commitment to expanding homeownership and improving affordability, which suggests he may introduce supportive measures benefiting LIHTC and related affordable housing initiatives.