MCLEAN, VA-Freddie Mac institutes a new initiative that paves the way for easier financing on properties with low-income housing units. The mortgage lender's new program gives qualified correspondent lenders more leeway when underwriting mortgages on such multifamily properties in areas across the country.
GMAC Commercial Mortgage Corp.'s Affordable Housing Division will serve as the first correspondent lender to participate in the new program.
© 2025 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to asset-and-logo-licensing@alm.com. For more information visit Asset & Logo Licensing.
May 09, 2025
Leasing revenue jumped 13% year-over-year, and capital markets services were up 15%.
May 09, 2025
There was also increased interest from lenders.
May 09, 2025
Young families pay as much as half their monthly income for rent and childcare.
