FHFA Finalizes Multifamily Housing Goals for Fannie Mae, Freddie Mac

Housing Affordability
Published
Contact: Michelle Kitchen
[email protected]
Senior Director, Multifamily Finance
(202) 266-8352

The Federal Housing Finance Agency (FHFA) has issued its final rule that establishes its benchmark multifamily housing goals for Fannie Mae and Freddie Mac for 2023 to 2024.

The goals are based on the total number of affordable units in multifamily properties financed by mortgage loans that are purchased by Fannie and Freddie each year.

To meet a multifamily housing goal or subgoal, Fannie Mae and Freddie Mac must purchase mortgages on multifamily properties (properties with five or more units) with rental units affordable to families in each category. FHFA will continue to monitor their annual performance against these benchmark levels, as well as trends in the multifamily market.

View the goals below and access the final rule on FHFA’s website.

Subscribe to NAHBNow

Log in or create account to subscribe to notifications of new posts.

Log in to subscribe

Latest from NAHBNow

IBS | Leading Suppliers Council

Oct 23, 2025

IBS 2026 Exhibit Home Aims for Groundbreaking Energy-Efficiency Rating

For anyone curious about how far today’s innovative building products can take a home’s performance, The New American Home 2026 is the must-see showcase at the upcoming Builders’ Show, taking place Feb. 17–19.

Workforce Development

Oct 22, 2025

NAHB Generates Enthusiasm for the Trades During the Big Build

NAHB recently introduced thousands of students to the skilled trades during The Big Build event at the National Building Museum in Washington, D.C.

View all

Latest Economic News

Economics

Oct 20, 2025

Non-Conventional Financing for New Home Sales Loses Ground in 2024

Nationwide, the share of non-conventional financing for new home sales accounted for 31% of the market per NAHB analysis of the 2024 Census Bureau Survey of Construction (SOC) data. This is 1.7 percentage point lower than the 2023 share of 32.4%. As in previous years, conventional financing dominated the market at 69.3% of sales, higher than the 2023 share of 67.6%.

Economics

Oct 17, 2025

Better Growth, Larger Deficits: CBO Fiscal Outlook

The Congressional Budget Office (CBO) is a key nonpartisan score keeper that measures the effects of policy changes by the Federal Government. With several policy changes since January of this year, including the One Big Beautiful Bill Act (OBBBA), stricter immigration, and higher tariffs, the CBO updated its economic projections through 2028.

Economics

Oct 16, 2025

Amid Market Challenges, Builder Expectations Rise in October

Even as builders continue to grapple with market and macroeconomic uncertainty, sentiment levels posted a solid gain in October as future sales expectations surpassed the 50-point breakeven mark for the first time since last January.