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FHFA Insights
FHFA’s Office of Minority and Women Inclusion Issues 2022 Annual Report to Congress

Published:
03/30/2023

​​​​​​The Federal Housing Finance Agency (FHFA or Agency) is committed to fostering a diverse representation in our workforce at all levels of the Agency. This commitment also extends to the Agency’s contracting and procurement efforts, where, in 2022, FHFA executed contracts with Minority- and Women-Owned Businesses (MWOBs) at the highest rate in the Agency’s history.

Key highlights of FHFA’s 2022 Office of Minority and Women Inclusion (OMWI) Annual Report to Congress include:

  • F​rom 2018 to 2022, minority representation in FHFA’s workforce increased 36.0 percent.

  • Over the same period, representation of minorities and females across FHFA’s top six mission-critical occupations increased by 32.7 percent and 10.1 percent, respectively.

  • In 2022, minority representation accounted for 45.9 percent of total supervisors. Women held more than 50 percent of supervisory positions.

  • In 2022, minority representation accounted for 35.0 percent of executives, and women accounted for 33.3 percent of executives.

  • ​In 2022, 48.0 percent of FHFA’s contracting actions and 42.8 percent of the Agency’s obligations were with ​MWOBs.

    • ​​​2022 was the first year in FHFA’s history that obligations with MWOBs accounted for over 40 percent of the total obligated amount.

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As part of our commitment to promoting transparency and access to data, FHFA also launched a set of dashboards that provide some of the tables and figures included in the 2022 OMWI Annual Report to Congress. Users with software to assist with accessibility can easily download standardized and aggregated data in a machine-readable format.

FHFA has an ongoing commitment to increase hiring, promotion, and procurement opportunities for women, minorities, and people with disabilities. We regularly promote diversity and inclusion initiatives in our employment and business practices and across the institutions we regulate. OMWI’s work is an essential component of FHFA’s mission to enhance and implement fair, equitable, sound, and effective housing finance policies.

 

Tagged: Annual Report to Congress; Office of Minority and Women Inclusion (OMWI); Minority- and Women-Owned Businesses (MWOBs)

 

By: Lou Scalza

       Acting Director, FHFA Office of Minority and Women Inclusion