Housing Supply Solutions

Other Community Efforts
Consumer Outreach and Education Initiatives Meeting the Needs Of Underserved Communities Reaching More People With Innovative Tools Wealth Preservation Programs

In order to increase the availability of affordable housing and to address place-based community needs, Freddie Mac is participating in a number of revitalization and innovative financing projects.

Historic District Development Corporation Homeownership Initiative

The Historic District Development Corporation (HDDC) mission is to restore the mixed-income, diverse community that existed in the Martin Luther King Historic District of Atlanta during King’s childhood. This is accomplished by emphasizing three principles: historic preservation; non-displacement of current residents; and linking residential development to sustainable economic growth.

HDDC is a collaboration between Freddie Mac, Genesis Homes, The Historic District Development Corporation, Bank of America and The Enterprise Foundation. HDDC launched a housing rehabilitation program and built 50 new single-family homes, rehabilitated over 25 others and renovated more than 50 units of multi-family housing. Studioplex on Auburn, a mixed-use complex with112 loft apartments was also completed with 20 percent of those units reserved for low-income residents.

Restore The Glory – Affordable Homes in Jacksonville

Affordable new homes are rising in North and East Jacksonville, Florida as part of this campaign launched by a coalition including the City of Jacksonville, Chase Manhattan Mortgage Corporation, nine different non-profit community development groups and Freddie Mac. Restore The Glory is using comprehensive borrower counseling with low down payment mortgage products and flexible credit requirements to stimulate affordable new home construction, rehabilitation, and home sales in six targeted Florida districts.

View more information on Restore The Glory.

Detroit West Town Initiative – Community Revitalizing with Affordable Housing

Congressman John Conyers Jr. (D-Mich.) and Detroit Mayor Kwame M. Kilpatrick, joined with Community Planning Association, Freddie Mac, Charter One Bank, Fifth Third Bank and West Town Homes, LLC, to break ground on a 33-unit modular home development called West Town Homes 1 in Detroit’s west side. The development is one of the latest efforts to revitalize the community by providing affordable, quality homes available for purchase in the City.

Learn more.