The Federal Housing Finance Agency revised
its cap structure on the multifamily businesses of Fannie Mae and Freddie Mac to $100 billion apiece.
The new caps eliminate loopholes, provide support for the market, and significantly increase affordable housing support over previous levels, said FHFA Director Mark Calabria.
The FHFA also directed the government-sponsored enterprises to set aside at least 37.5 percent of their multifamily business for mission-based, affordable housing.
Energy and water efficiency improvement loans will be considered conventional business in most instances.