Freddie Mac has welcomed two industry leaders to boost its single-family and multifamily business lines dedicated to addressing housing equity.

The mortgage giant said that Pamela Perry and Amanda Nunnink have joined its senior leadership roster as executive vice president of single-family equitable housing and vice president of equity in multifamily housing, respectively.

Perry, a Freddie Mac veteran, will oversee a newly formed team responsible for creating solutions focused on tackling some of the most systemic issues minority families face in homeownership and wealth. The 25-year industry veteran joined the firm in 2011 to spearhead Freddie’s fair lending program. 

“Pam brings the experience, passion and strategic leadership required to deliver on Freddie Mac’s mission to make home possible for all Americans,” said Donna Corley, head of Single-Family Business.

“I’m humbled to have the opportunity to bring an even greater focus to the solutions that address the complex issues communities of color face in attaining and sustaining homeownership,” said Perry. “Black Americans face a significant number of barriers to owning a home, many of which can be traced to discrimination and disparities in access to credit. These challenges ultimately contribute to the widening wealth gap we see today. I am proud to be part of a company committed to taking on these important issues, and I’m excited to get to work.”

Meanwhile, Nunnink will lead efforts to create sustainable improvement for renters and the rental housing industry. She will also work on elevating the multifamily division’s Diversity, Equity and Inclusion (DEI) principles. Nunnink came to Freddie Mac in as vice president of multifamily investor relations.

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“At Freddie Mac, we are taking active steps to embed diversity, equity and inclusion in every corner of our business,” said Debby Jenkins, head of Multifamily Business. “Amanda’s new role demonstrates Freddie Mac’s clear commitment to support sustainable improvements for the multifamily industry and renters in the broader financial and housing system.”

“From investors and lenders to borrowers and renters, we are developing a comprehensive and actionable strategy to foster equitable outcomes for renters from all communities,” said Nunnink. “I am honored to serve in this capacity, which will allow us to look deeper into our mission and use our platform to create change.”