Freddie Mac Report Highlights Prevalence of Affordable Rental Housing in OZs

Wednesday, May 8, 2019 - 11:45am

A report from Freddie Mac Multifamily finds that the government sponsored entity’s business in opportunity zones (OZ) has grown more than 75 percent faster than in other areas and that affordable rental housing is twice more frequent in OZs than in other areas. The report also highlights that rural rental housing is prevalent in OZs and that multifamily rental properties in OZs tend to have fewer units. The report says that multifamily rental property will be a key component for qualified opportunity funds, making OZs logical areas for Freddie Mac to target for affordable housing assistance.