Today, the Federal Housing Finance Agency (FHFA) announced that Freddie Mac’s multifamily loan purchase cap will be $73 billion for 2025, with at least 50% of our loan purchases to be “mission-driven.”  

FHFA defines its mission-driven requirements in Appendix A of its Scorecard. There were no significant changes for 2025, and as last year, certain loans that preserve affordability for workforce housing via the loan agreement are exempt from the cap.

This guidance aligns with our ongoing commitment to support the multifamily market with consistent liquidity while promoting affordable and equitable housing. Freddie Mac will continue to adapt to market conditions and meet our mission to provide liquidity, stability and affordability throughout all market cycles. In 2025, we will continue our day-to-day focus on supporting affordable rental housing for families across the country.  

The purchase cap set by FHFA is largely based on projections for the size of the multifamily debt origination market. Also, as in years past, 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 always, we look forward to working closely with our Optigo® lenders and investors to deliver on our market and mission objectives. Thank you for your partnership!