Impact Bonds
Freddie Mac is a mission-driven company — supporting affordable and workforce housing is in our DNA. Since inception, we've provided safe and affordable rental housing for millions of Americans. In 2024, 65% of the units we financed were affordable to moderate- and low-income families earning at or below 80% of the area median income (AMI).
Our Impact Bonds
Freddie Mac Multifamily’s commitment to supporting affordable, quality rental housing is central to everything we do.
With that in mind, we designed targeted Impact Bonds for investors that wish to focus on overcoming housing challenges or meet environmental, social and sustainability goals.
Learn more about the impact these bonds have had for tenants, owners and communities:
2023 Impact Bonds Report
As of Dec 31, 2023
2023 Impact Bonds Report Supplemental Data
As of Dec 31, 2023
Green Bonds
Environmental Impact in Workforce Housing
Green Bonds proceeds are used to finance Green Up® loans. These loans are designed to support energy- and/or water-efficiency improvements in workforce housing, helping the environment while lowering monthly expenses for tenants and borrowers.
The Freddie Mac Multifamily Green Bonds Framework is aligned with the four core components of the International Capital Market Association's Green Bond Principles.
Eligible Offerings: K-G Deal, Multi PC®
Additional Green Bonds Resources
Social Bonds
Looking Deeper into Our Mission of Supporting Affordable Housing
Social Bonds proceeds are dedicated to either providing liquidity to financial institutions with a distinct mission of addressing affordable housing challenges or providing financing to certain vulnerable groups.
Social impact financial institutions include Community Development Financial Institutions, Housing Finance Agencies and Small Financial Institutions operating in Underserved Markets that finance affordable and impactful multifamily properties, or provide financing for multifamily properties.
The Freddie Mac Multifamily Social Bonds Framework is aligned with the four core components of the ICMA Social Bond Principles.
Eligible Offerings: M-Deal®, Q-Deal®, Multi PCs® (including PC Swaps)
Additional Social Bonds Resources
Sustainability Bonds
Supporting Sustainable Communities by Financing Affordable and Workforce Housing
Sustainability Bonds are intended to attract capital to support economic mobility for residents and economic growth for communities by helping to support the availability of affordable and workforce housing.
The proceeds will be used to finance multifamily properties that:
- provide affordable housing to low- to moderate-income families;
- have features and/or are located in areas that further economic opportunity for residents; and
- may include certain environmental impact features.
The Freddie Mac Multifamily Sustainability Bonds Framework is aligned with the four core components of the ICMA Sustainability Bond Guidelines.
Eligible Offerings: K-SG Deal and ML-Deal®
Additional Sustainability Bonds Resources
Impact News
- Partnering to Make an Impact by Luba Kim-Reynolds
April 16, 2024
April 8, 2024
December 3, 2024
Research
Research, analysis, podcasts and insights of housing trends, the economy and multifamily mortgage market.
Duty to Serve
Learn more about our research and initiatives to identify and increase rental and homeownership opportunities in historically underserved markets.