Today, the Federal Housing Finance Agency (FHFA) announced that Freddie Mac’s multifamily loan purchase cap will be $75 billion for 2023, with at least 50% of our loan purchases to be “mission-driven.” 

FHFA has also updated the criteria for mission-driven business, which includes loans for affordable housing and underserved market segments. 

These requirements tie in with our sharp focus on providing consistent liquidity to the market while supporting affordable and equitable multifamily housing. Given the current economic environment, these twin objectives are as important as ever to renters, borrowers and our Optigo® lenders.

FHFA noted they will continue to monitor the multifamily mortgage market and will update the multifamily cap and mission-driven requirements if adjustments are warranted. However, they also indicated they won’t decrease the cap if the market is smaller than projected.

As in past years, we will work with our Optigo lenders and their borrowers to deliver on our commitments to liquidity, our mission and our customers. In the coming weeks, we will be sharing more about our 2023 priorities.

Thank you for your continued partnership. We look forward to working with you in the year ahead.