FHFA Sets Multifamily Cap of $70B Per GSE

The Federal Housing Finance Agency (FHFA) said Tuesday that the 2021 multifamily loan purchase caps for Fannie Mae and Freddie Mac will be $70 billion each, for a combined total of $140 billion. At least 50% of the GSEs’ multifamily loans are required to be used for affordable housing. “As we continue to address the shortage of affordable housing, especially amid the COVID crisis, FHFA will keep a…

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