Fannie Mae, Freddie Mac Go All-In on Affordable Housing Lending Following FHFA Revision
Real Estate Business Online, July 13, 2021–John Nelson
Last year the Federal Housing Finance Agency made sweeping changes to Fannie Mae and Freddie Mac’s multifamily business pursuits. FHFA now directs the agencies to produce no more than $140 billion in multifamily loans combined, down from $159 billion last year. But FHFA is doing away with its long list of exclusions for loans on properties that don’t count toward the cap. In the past, the agencies had no limits to finance certain multifamily categories, including communities with five to 50 units, seniors housing, rural properties and manufactured housing.