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.