Fannie Mae recently released a whitepaper, “Fannie Mae and Workforce Rental Housing.” The report discusses a need nationwide for more affordable rental housing. Among the paper’s findings:
- 90% of Fannie Mae’s multifamily financing supports affordable housing.
- Demographics favor the multifamily sector long term.
- There will be substantial growth in the prime renting age between 20 and 34 years old, as well as older renters.
- Supporting the multifamily market will be an increasingly important part of Fannie Mae’s business going forward, the report stated
- Fannie Mae provided approximately $37 billion in debt financing for the rental housing market over the past two years
