FHFA recently proposed new housing goals for Fannie Mae and Freddie Mac, set to be in place from 2025 through 2027. These goals are designed to increase the availability of affordable housing by requiring these government-sponsored enterprises to allocate a certain percentage of their financing toward affordable housing. The new goals mandate that a portion of rental units financed by Fannie Mae and Freddie Mac must be affordable to low- and very low-income families. This presents an opportunity for developers to access more financing options, as the enterprises will be encouraged to support projects that meet these affordability criteria. The proposal emphasizes not only the total number of affordable units but also the percentage of units in smaller multifamily properties, which provides an incentive for developers to focus on these types of projects. Compliance with these goals could lead to increased funding availability, making it easier to finance and develop new affordable multifamily rental properties. However, developers should also prepare for stricter performance tracking and potential regulatory adjustments as the FHFA seeks to align these goals with market realities.