Freddie Mac elevated its funding in multifamily housing by 17% final 12 months.
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The federal government-sponsored entity introduced Thursday its multifamily manufacturing quantity hit $77.6 billion in 2025, up from $66 billion in 2024 and $49 billion in 2023. Freddie supported greater than 577,000 inexpensive rental items throughout the nation final 12 months.
“Our focus in 2025 was on bringing liquidity to the multifamily market to extend the availability of inexpensive rental housing in communities throughout the nation,” mentioned Kevin Palmer, head of multifamily for Freddie Mac, in a press launch.
After US Federal Housing doubled the Low-Revenue Housing Tax Credit score fairness cap in August, Freddie Mac Multifamily made a file funding of $1.2 billion in 2025. The overall manufacturing quantity additionally included $1.1 billion in workforce housing preservation loans and $2.4 billion in ahead conversions, which aren’t topic to the U.S. Federal Housing multifamily mortgage cap, in keeping with the discharge.
US Federal Housing elevated the multifamily caps at Freddie and Fannie Mae for 2026 by greater than 20% in comparison with final 12 months, it introduced in November. The $176 billion cap shall be cut up evenly between the 2 entities at $88 billion.
“Freddie Mac Multifamily delivers important liquidity to create inexpensive condo provide across the nation every 12 months,” Palmer mentioned in a previous assertion. “In 2026, we’ll proceed to supply that wanted liquidity with our full suite of choices and continued innovation.”
The GSE strengthened product choices to raised assist the creation of latest rental housing final 12 months. For instance, it expanded the forwards program to incorporate standard properties and enhanced Lease-Up Loans with an extra borrow-up at first mortgage pricing to extend certainty and cut back prices, the discharge mentioned.
Freddie additionally financed the creation, preservation or rehabilitation of greater than 59,000 items of inexpensive housing, in keeping with the discharge.
The corporate’s Lengthy-Time period Financing Services hit a file in 2025 as effectively, producing $2 billion in new funding, a 42% bounce from the earlier 12 months, the discharge mentioned.
The information signifies that Freddie will obtain its 2025 multifamily inexpensive housing targets set by U.S. Federal Housing. A complete of 66% of the manufacturing quantity certified as “mission-driven inexpensive housing,” exceeding the 50% objective. Virtually 70% of goal-eligible items financed have been inexpensive to low-income residents incomes lower than 80% of the median revenue of their space and about 17% have been inexpensive to very low-income residents who earned lower than 50% of the median, surpassing each targets, in keeping with the discharge.
