Insights from the Freddie Mac Multifamily team.
I know it sounds cliché, but there really is no place like home – especially one where you make home possible for others. That's what Freddie Mac is to me.
Nashville is a city where you feel things happening. Everywhere downtown there's music and artists on the verge of making it big. With the energy it radiates, you can't help feeling things are possible. So, Nashville was a fitting, vibrant stage for our biggest and best Annual Conference.
Nashville is an incredible town, and we had an incredible turnout – over 1,500 professionals from across our industry.
Performance in the multifamily market remained healthy in the first half of 2018, and is expected to continue throughout the second half of 2018 and into 2019, but with continued moderation from the prior few years.
Our new Social Impact pilot uses our existing offerings in innovative ways to create and preserve affordable rental housing.
Market rate multifamily rents have been dramatically increasing in recent years as housing demand significantly exceeds available supply. In contrast, during the same period rent growth has been moderate for units with restricted rents, such as those funded by the Low-Income Housing Tax Credit (LIHTC) program.
There's a lot in the news today about Social Investing - investments that make a social or environmental impact while also generating a financial return. It' a true win-win, and at Freddie Mac Multifamily, we're happy to be at the forefront of this important movement.
More of the same! By most measures, the multifamily market will continue to grow with moderately increasing demand, with the growing population fueling the rental housing market.
How can we help solve the affordable rental housing crisis? This question is on our minds every day at Freddie Mac Multifamily.
As financiers of multifamily properties, it would be easy to think of our buildings as only bricks and mortar, but to the tenants, they're home, and to the borrowers/sponsors, they're the realization of a dream.