September 11, 2020
Introducing Our First Social Impact Bonds
Amanda Nunnink, Vice President
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.
- Impact Bonds webpage
- Social Bonds Framework
- Social Bonds Handout
- September 9, 2020 press release about our first Social Bonds offering
-
Feedback
Have a comment or question? Email us to let us know what's on your mind.