Freddie Mac headquarters Freddie Mac headquarters

WASHINGTON, DC—Every year Fannie Mae and Freddie Mac’s regulator, the Federal Housing Finance Agency, sets a cap on how much the GSEs can lend for multifamily development.  For 2016 this cap stayed roughly the same from the previous year’s limit of $31 billion — at least officially. Unofficially, the GSEs were given more wiggle room to lend as the number of exclusions to the cap — such as affordable and rural housing — had been increased.

Now, five months after the release of the 2016 Scorecard, the FHFA has raised the multifamily lending cap to $35 billion, per the guidelines set out in the Scorecard, according to the FHFA. The exclusions in affordable and certain underserved market segments will continue to be exempt from the purchase caps.

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Erika Morphy

Erika Morphy has been writing about commercial real estate at GlobeSt.com for more than ten years, covering the capital markets, the Mid-Atlantic region and national topics. She's a nerd so favorite examples of the former include accounting standards, Basel III and what Congress is brewing.

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