MBA Presents Freddie Mac Multifamily with Commercial/Multifamily Diversity and Inclusion Leadership Award
SAN DIEGO (February 10, 2020) - The Mortgage Bankers Association (MBA) today announced at its 2020 Commercial Real Estate Finance/Multifamily Housing Convention & Expo that Freddie Mac Multifamily has been awarded the 2020 Commercial/Multifamily Diversity and Inclusion (D&I) Leadership Award. Freddie Mac Multifamily was selected as this year's winner for having a comprehensive inclusion and diversity program, as well as for its innovative diversity strategy.
"MBA member applicants this year displayed unique and comprehensive D&I programs that could be replicated throughout the industry; however, Freddie Mac Multifamily's program stood out for its purposeful mission and ability to display measurable goals," said Brian Stoffers, CMB, 2020 MBA Chairman, and Global President, Debt & Structured Finance at CBRE. "Freddie Mac Multifamily's efforts improve its workforce and supplier diversity, and ultimately its goal of providing mortgage funding for multifamily loans and supporting affordable housing."
The award was accepted by Freddie Mac Multifamily Executive Vice President and Head of Multifamily Business Debby Jenkins. For more information on Freddie Mac's diversity and inclusion efforts, visit: http://www.freddiemac.com/careers-blog/diversity/.
"Freddie Mac Multifamily has a longstanding commitment to inclusion and diversity, and we've worked to embed those principles in all of our business efforts," said Debby Jenkins, Executive Vice President and Head of Multifamily Business for Freddie Mac. "It's a great honor to be recognized by the Mortgage Bankers Association for this work, which we hope will continue building momentum for a commercial and multifamily industry where all feel welcome."
Now in its fourth year of recognizing member companies in commercial real estate finance, MBA's Commercial/Multifamily Diversity and Inclusion Leadership Award was developed to celebrate company initiatives that were specifically developed and designed to increase internal diversity and inclusion within a company's leadership and employee base. This award commends the hard work, dedication, and creativity in the creation of exemplary programs that focus on achieving organizational diversity and inclusion.
Company initiatives were scored by a group of judges consisting of MBA staff and a member company. The companies were scored based on: the quality of their overall submission; identification of a target audience and annual goals; demonstration of a tangible benefit to participants and the overall enterprise; replicability of the program; innovative program approaches; and program success in broadening the culture of the organization through the values of diversity and inclusion.