Small multifamily properties are an important part of the affordable rental market. They are often owned by individuals or smaller entities, and are operated differently than the larger multifamily properties that many of us think of when we hear the words "multifamily" or "apartment." In this episode, Steve and Corey talk with Meg McElgunn, senior director of SBL Production, and Catherine Evans, vice president of SBL Underwriting. Together, they take an in-depth look at some of the unique characteristics of small multifamily properties through the lens of the Freddie Mac Multifamily Small Balance Loan program.
- Chapter 1: 0:00 - 13:40 – The first five years, changing demand and local expertise
- Chapter 2: 13:40 - end – Looking ahead, ideas and Innovations
Listen to other episodes in the series.
VP Research & Modeling
Steve leads multifamily research at Freddie Mac. In this role he performs research related to national and market-specific multifamily conditions. His team supports the multifamily business by developing models and quantitative approaches that determine risk-based capital allocations. The models capture loan level risks and also the benefits of the diversification and structural credit support for pools of multifamily mortgages, supporting the core business strategies of Freddie Mac Multifamily.
Director of Community Mission and Impact Finance
Corey is the Director of Community Mission and Impact Finance at Freddie Mac Multifamily. In this role, he oversees our Duty to Serve initiatives as well as research and development activities that further our support for affordable housing and underserved markets nationwide.
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