Fannie Mae and Freddie Mac Expand Mission to Deliver Liquidity, Stability, and Affordability

Fannie Mae and Freddie Mac have pledged to expand their efforts to improve Americans’ access to manufactured housing, affordable housing, and rural housing. In recent updates to their Duty to Serve Underserved Markets Plans, the agencies committed to enhancing the stability and affordability of challenged markets by providing greater liquidity over the next three years.

Freddie Mac to Increase Support for Manufactured and Affordable Housing

In its Duty to Serve Plan, Freddie Mac aims to provide tens of billions of dollars in liquidity to historically underserved markets by the end of 2024. In the program’s first phase, Freddie Mac provided nearly $3.7 billion in liquidity from 2018-2021 to support the financing of more than 27,000 manufactured homes.

In this new phase, Freddie Mac’s Single-Family Division plans to ramp up its support of manufactured housing. Simultaneously, Freddie Mac’s Multifamily Division will scale up its efforts to purchase loans for communities that agree to implement lease protections as well as purchase more loans for resident-owned communities. In support of the expansion of affordable housing, Freddie Mac will look to purchase more loans that complement federal, state, and local affordable housing programs.

Freddie Mac Loan Products

Ranging from $1M to $100M, investors choose Freddie Mac loan products because they offer competitive pricing, flexible terms, and certainty of execution. From Manufactured Housing Community to Manufactured Housing Resident Owned Community loans, the agency has a wide array of options for borrowers, which can be customized to include features such as Fixed-Rate, Floating-Rate, Early-Rate Lock, and Green Advantage®.

Fannie Mae Expands Support for Housing in Challenged Markets

Fannie Mae’s 2022-2024 Duty to Serve Plan reiterates its ongoing commitment to reaching low- and moderate-income families through manufactured housing, affordable housing preservation, and rural housing. Over the next three years, the lending agency will look to expand its support of housing development in challenged markets throughout the nation.

The agency aims to increase loan purchase activity and foster loan product innovation to enable the use of manufactured housing in unique development scenarios. To expand affordable housing options, Fannie Mae will deploy a pilot program that will encourage the adoption of Housing Choice Vouchers in financed properties in specific markets.

Fannie Mae Loan Products

Fannie Mae is one of the leading sources of liquidity for manufactured and affordable housing properties. It provides a wide array of comprehensive and customizable loan products, such as Manufactured Housing Community (MHC) and Multifamily Affordable Housing (MAH), which feature excellent terms and competitive tiered pricing. From small to large loans, Fannie Mae’s comprehensive and customizable loan products are available nationwide.

The Advantages of Working with Arbor Realty Trust

Arbor Realty Trust is an approved Freddie Mac Optigo® Seller/Servicer and a Top 10 Fannie Mae DUS® Multifamily Lender. Our originations team, which has developed deep relationships with Fannie Mae and Freddie Mac, provides expert in-house servicing and has decades of local market experience.

Interested in the multifamily real estate investment market? Contact Arbor today to learn about our array of multifamily and single-family rental financing options and view our other market research and multifamily posts in our research section.