18
Nov

FHFA Announces Fannie Mae, Freddie Mac Multifamily Loans Purchase Caps for 2021

From NAHB Now

The Federal Housing Finance Agency (FHFA) today announced that the 2021 multifamily loan purchase caps for Fannie Mae and Freddie Mac (the Enterprises) will be $70 billion for each Enterprise. The cap structure allows the Enterprises to offer a combined total of $140 billion in support to the multifamily market.

At least 50% of the Enterprises multifamily loans are required to be used for affordable housing. Under the 2020 cap structure, 37.5% of the multifamily business had to be mission-driven, affordable housing.

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