Happy New Year!
We accomplished so much together in 2022, and I am grateful for your steadfast partnership. It would not have been possible without the efforts and contributions of our DUS® lenders. Our strong partnership continues to set the standard for our business model, and the renters we serve.
Looking ahead to 2023, as market volatility continues, we know that the DUS model was built to provide countercyclical stability throughout all economic cycles. We have an experienced team and network and have invested in a digital platform that uses data to drive decisions and effectively get the business done.
This year, we will focus on the following
1. Supporting the multifamily market: We will continue to provide needed liquidity in the market without forgoing safety and soundness. We are committed to our mission, the financing of quality affordable rental housing across the country, and providing a stable source of liquidity. The FHFA scorecard volume cap for 2023 will provide opportunities to create and preserve even more affordable and workforce rental housing.
2. Continuing to serve the mission: We will continue to provide broad support for the affordable housing market through our ongoing debt and equity financing activities, preserving affordability through our Multifamily Affordable Housing (MAH) platform, providing workforce housing solutions such as the innovative Sponsor Initiated Affordability (SIA) product, and using our Low-Income Housing Tax Credit (LIHTC) platform to create new supply. We will help build greater equity and diversity in the multifamily ecosystem by continuing to work closely with the DUS DEI subcommittee and supporting renters with pilots such as Positive Rent Payment and Expanded Housing Choice.
3. Focusing on digital transformation and innovation: We are focused on delivering the tools that you need. We will continue to make enhancements, gather better data to manage our book, solve rental housing challenges, and maximize efficiency to make it easier to do business with us. In 2023, you’ll see us continue to focus on data, automation, and expanding our rent roll and operating statement digitization efforts.
4. Investing in our people: People are at the core of everything we do, and our goals cannot be accomplished without a strong, resilient workforce. Heather McGowan, a speaker at our 2022 DUS Conference and a “Future of Work” expert, shared that "the greatest investment you can make is in another human." This statement resonated with me. The health of our organization and the dedication of our people is essential to the success of our business. We will continue to balance resources appropriately and develop a strong bench to shepherd DUS into the future.
In closing, we are prepared for whatever challenges and opportunities may come in 2023. I look forward to seeing you this year and as always, thank you for your partnership and the value you bring to the multifamily market.