Happy New Year! We accomplished so much together in 2022, and I am grateful for your steadfast partnership. It would not have been possible without the efforts and contributions of our DUS® lenders. Our strong partnership continues to set the standard for our business model, and the renters we serve.
On November 10, FHFA announced the multifamily loan acquisition volume caps for the GSEs in 2023. Each Enterprise can acquire up to $75 billion in multifamily loans for the year, a decrease from the $78 billion cap in place for 2022.
With a new year ahead of us, we want to provide an update on Fannie Mae’s Green Measurement and Verification (M&V) Service. The Green M&V Service is an exclusive benefit for Properties financed with a Green Rewards Mortgage Loan or a Mortgage Loan secured by a Property with an eligible Green Building Certification.
Finding creative solutions to increase affordability is a driving force behind our work in Multifamily. Last year we launched Sponsor-Initiated Affordability, a product that provides better pricing and underwriting flexibility when borrowers set aside a minimum of 20% of a property’s units that are rent restricted and occupied by households at or below 80% of area median income (AMI) for the life of the loan.
Manufactured Housing Communities (MHCs) are an important source of affordable housing, especially in rural areas, and Fannie Mae is committed to expanding and strengthening tenant protections in the MHCs that we finance.
Happy New Year! As you’ve probably heard, we ended last year on a real high note – we’ve now issued more than $100 billion in Multifamily Green MBS! Our 2021 green production was $13.5 billion, slightly higher than our 2020 green production.
I love the beginning of the year when everything and anything seems possible. Of course, as we’ve all learned over nearly two years of the pandemic, sometimes “anything” can really come out of left field and change the whole game. And so here we are, on the precipice of another new year, with another new variant making headlines.