FHFA Sets Multifamily Loan Caps at $70 Billion Each for Fannie Mae, Freddie Mac

Tuesday, November 17, 2020 - 11:45am

The Federal Housing Finance Agency (FHFA) announced today a combined $140 billion multifamily loan purchase cap for Fannie Mae and Freddie Mac–$70 billion for each government-sponsored enterprise (GSE). At least 50 percent of the GSE multifamily loans are required to be used for affordable housing, up from a 37.5 percent requirement in 2020. The FHFA 2020 loan purchase cap was $100 billion for each GSE but covered five quarters, compared to the $70 billion for four quarters in 2021.

Affordable housing issues will be discussed at the Novogradac 2020 Tax Credit Housing Finance Virtual Conference, Dec. 3-4.