FHFA Raises Multifamily Loan Cap for 2025

November 26, 2024

The Federal Housing Finance Agency (FHFA) announced a 4% increase in the multifamily loan purchase caps for Fannie Mae and Freddie Mac, setting a combined limit of $146 billion for 2025. Each government-sponsored enterprise (GSE) will now have a purchasing cap of $73 billion, up from $70 billion in 2024.

Multifamily loans that finance workforce housing are to be excluded once again from the 2025 limits, the FHFA confirmed.

FHFA continues to require that at least 50% of the enterprises’ multifamily businesses be mission driven.

“The 2025 multifamily loan caps reflect the enterprises’ strong commitment to provide liquidity to make renting a home more affordable,” said FHFA Director Sandra Thompson. “Additionally, the ongoing workforce housing exemption will continue to enhance the Enterprises’ ability to support properties that preserve affordable rents, including properties preserved or created through corporate-sponsored affordable housing initiatives.”


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