FHFA issues 2021 multifamily loan purchase caps
The Federal Housing Finance Agency said the 2021 multifamily loan purchase caps for Fannie Mae and Freddie Mac will be $70 billion for each enterprise. The new caps apply to all multifamily businesses with no exclusions and covers the four quarters of the 2021 calendar year, unlike the 2020 cap structure.
At least 50 percent of the enterprises' loans must be used for affordable housing, up from 37.5 percent in 2020. For the first time, affordable housing manufactured housing communities must be resident-, government-, or nonprofit-owned or must have tenant pad lease protections.