The recent executive order to end Diversity, Equity, and Inclusion (DEI) initiatives will notably affect U.S. agencies like HUD, CFPB, and FHFA, restricting their operations related to diversity mandates in housing finance. The order directs a halt to all federal programs and policies associated with DEIA, focusing instead on performance-based evaluations without regard to DEI factors. This action stems from a previous executive order by Biden, which had aimed to enhance racial equity, now deemed wasteful by the current administration. Responses from the impacted agencies remain pending, raising questions about future implications for GSEs and housing policy.
This executive order aims to terminate all DEI and DEIA programs in federal agencies, signaling a significant policy shift that impacts housing finance and employment practices.
The order mandates that federal employment practices will solely focus on individual skills and performance, explicitly removing DEI considerations that were previously in place.
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