HUD No. 24-195 HUD Public Affairs (202) 708-0685 |
FOR RELEASE Friday July 26, 2024 |
In Case You Missed It: HUD and Ginnie Mae Leaders Participate in Latin America Housing Finance Roundtable
The roundtable brought together participants from the public and private sectors to discuss the challenges and opportunities for sustainable and affordable housing markets. HUD and Ginnie Mae leaders also participated in a separate housing forum addressing the housing deficit across the region.
MEXICO CITY - This week, HUD’s Principal Deputy Assistant Secretary for Policy Development and Research Solomon Greene and Government National Mortgage Association (Ginnie Mae) representatives joined international colleagues at the Ginnie Mae Latin American and Caribbean Housing Finance Roundtable in Mexico City.
“Earlier this year, HUD and Ginnie Mae hosted an investor roundtable that brought together more than 150 participants from Latin America and the Caribbean to discuss the social and sustainability impacts of housing finance,” said Acting Secretary Adrianne Todman. “We are thrilled to see international partnerships growing with this follow-up meeting in Mexico because we must all work together to ensure that everybody has access to affordable quality housing.”
Building on the inaugural U.S. – Latin America Investor Roundtable that HUD and Ginnie Mae hosted in March 2024 and in collaboration with the Inter-American Development Bank (IDB), the meeting brought together leading voices from the Western Hemisphere to discuss mortgage-backed securities, green bonds, and sustainable finance.
In addition to participants from HUD and Ginnie Mae, the roundtable included representatives from the U.S. Federal National Mortgage Association (Fannie Mae), the IDB, the Mexican Association of Banks, Canada’s Mortgage and Housing Corporation, and other public and private partners.
The participants shared best practices and international perspectives on work that must be done to close the housing gap and the ways in which enhanced housing finance initiatives can translate into improved housing opportunities for all.
PDAS Greene and Ginnie Mae Senior Vice President of the Office of Capital Markets John Getchis also spoke to housing leaders from across the Americas on housing supply and housing finance at the IDB Third Regional Housing Forum. During this forum, HUD and Ginnie Mae interacted with counterparts from across the region and exchanged best practices for meeting the housing needs of vulnerable populations.
“As we listen and learn from our international partners, we find that we share a fundamental recognition that safe, stable, affordable and resilient housing is not only essential to our social fabric but can also drive economic growth and fortify our communities against the effects of climate change,” said Solomon Greene, Principal Deputy Assistant Secretary for Policy Development and Research. “At HUD, we are proud that the U.S. is a global leader in housing finance policy, and we welcome the opportunity to continue to learn from innovations across the Americas and strengthen our bonds with exchanges such as these ones.”
“Engagements like these are crucial for exchanging ideas with our international peers and expanding the global footprint of Ginnie Mae investors,” said Ginnie Mae Acting President Sam Valverde. “By bringing together investors and thought leaders from around Latin America, we can listen to the market, develop relationships, and drive a conversation about how the capital markets can efficiently deliver social impact.”
Together, HUD and Ginnie Mae are supporting inclusive and quality affordable homes for all and collaboration with stakeholders across the world is an important part of meeting that goal. To learn more about HUD’s work to provide safe, affordable, and quality housing please visit www.hud.gov. To learn more about Ginnie Mae’s mission to provide low-cost financing for federal housing programs, visit www.ginniemae.gov.