Fannie Mae

General News

Workforce Housing Debt Financing Updates 

The northeast regional affordable housing community had the opportunity to receive an update on agency executions for workforce housing from PGIM’s Michael Lostocco at the NH&RA Fall Developers Forum. Fannie Mae and Freddie Mac have developed voluntary programs aimed at addressing housing affordability, particularly for middle-income renters.

Federal Housing Finance Agency

FHFA Increases Multifamily Loan Purchase Caps for 2025 

The Federal Housing Finance Agency (FHFA) has raised the multifamily loan purchase caps for Fannie Mae and Freddie Mac to $146 billion in 2025, up from $142 billion in 2024. Workforce housing loans will continue to be exempt from the caps.

Federal Housing Finance Agency

FHFA Increases Fannie and Freddie LIHTC Investment Cap  

At the end of last year, the Federal Housing Finance Agency increased the 2024 annual LIHTC investment cap for Fannie Mae and Freddie Mac from $850M to $1B.

Treasury

Treasury Modifies SLFRF, ERA Rules to Amplify Housing Production

The Treasury Department announced updated guidance for the State and Local Fiscal Recovery Fund (SLFRF) and the Emergency Rental Assistance (ERA2) programs, which make it easier for states and local governments to use these programs to build and preserve affordable housing.  

General News

Fannie Mae Announces Leadership Changes

Fannie Mae announced a series of leadership changes in which two veteran executives will soon retire from the company.

Fannie Mae Multifamily Introduces Sponsor-Dedicated Workforce (SDW) Housing

Fannie Mae announced a new Sponsor-Dedicated Workforce (SDW) product to create and preserve workforce housing through the company’s network of Delegated Underwriting and Servicing (DUS®) lenders.

Fannie Mae Releases ESG 2022 Report

Fannie Mae released its second annual Environmental, Social and Governance (ESG) report, which highlights its efforts to help homeowners, buyers and renters; support the transition to greener buildings; and foster an engaged and inclusive workforce.

Federal Housing Finance Agency

Comments on FHFA’s RFI on Multifamily Tenant Protections Due July 31

The Federal Housing Finance Agency (FHFA) issued a Request for Input (RFI) on tenant protections at multifamily properties with mortgages backed by Fannie Mae and Freddie Mac.

Federal Housing Finance Agency

FHFA Announces Updated Equitable Housing Finance Plans for Fannie Mae and Freddie Mac

The Federal Housing Finance Agency (FHFA) announced updates to Fannie Mae and Freddie Mac’s (the Enterprises) Equitable Housing Finance Plans for 2023

Federal Housing Finance Agency

FHFA Finalizes 2023-2024 Multifamily Housing Goals for Fannie Mae and Freddie Mac

The Federal Housing Finance Agency (FHFA) issued a final r​ule for Fannie Mae and Freddie Mac (the Enterprises) that establishes the benchmark levels for their multifamily housing goals for 2023 and 2024 using the new percentage-based methodology outlined in the proposed rule.

Federal Housing Finance Agency

FHFA Rule Limits New Products

The Federal Housing Finance Agency published a final rule requiring Fannie Mae and Freddie Mac to provide advance notice to FHFA before offering a new activity and to obtain prior approval from FHFA before offering new products.

Federal Housing Finance Agency

Fannie, Freddie Multifamily Loan Purchase Caps For 2023 Drop to $75 Billion

The Federal Housing Finance Agency (FHFA) announced that the 2023 multifamily loan purchase caps for Freddie Mac and Fannie Mae will be $75 billion each.

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