Our new Social Impact pilot uses our existing offerings in innovative ways to create and preserve affordable rental housing.
Market rate multifamily rents have been dramatically increasing in recent years as housing demand significantly exceeds available supply. In contrast, during the same period rent growth has been moderate for units with restricted rents, such as those funded by the Low-Income Housing Tax Credit (LIHTC) program.
There's a lot in the news today about Social Impact Investing – investments that make a social or environmental impact while also generating a financial return. It’s a true win-win, and at Freddie Mac Multifamily, we're happy to be at the forefront of this important movement.