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September 11, 2020

Introducing Our First Social Impact Bonds

Amanda  Nunnink
Article By
Amanda Nunnink, Vice President

 

picture of  building

We’re an active member of Nasdaq’s Sustainable Bond Network advisory board, a group that helps foster thought leadership and develop products that are environmentally and socially sustainable.

Freddie Mac Multifamily is a mission-driven company and supporting affordable housing is in our DNA. In the current area of COVID-19 and housing uncertainty, our mission is now more important than ever.

I’m excited to share that we are currently in the market with our first Social Impact Bonds offering that goes deeper into our mission of supporting affordable housing. Proceeds from the underlying loans will be used to finance rental properties in 28 states that serve low- to very low-income residents. Out of approximately 4,500 rental units, about 2,900 are home to people with very low incomes who make 50% or less of the area median income.

We’ve got an exciting autumn ahead and even more news to share about our impact offerings. Stay tuned, there’s more to come on these initiatives.

For additional details, check out these useful resources.

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