Today, FHFA released new multifamily volume caps, a total of $100 billion for each Enterprise, for the period of October 1, 2019 through December 31, 2020.

This is great news for our partnership, keeping us well positioned to continue to meet the needs of the customers you serve, while providing liquidity and stability to the multifamily market.

Affordable rental housing has always been a priority for us. The 37.5 percent mission-driven business requirement as part of the cap is a floor and not a ceiling. We have the opportunity and remain driven to provide affordability for the country supporting this important segment of the multifamily market.

Our leadership in Green Financing is not only providing tenants with energy and water cost savings, it is building a more sustainable business, enhancing the multifamily housing stock, and expanding the investor base. Green Financing builds a healthy portfolio. It’s the right thing to do and our commitment to Green Financing is stronger than ever.

FHFA’s revised multifamily cap structure supports the need for liquidity to the secondary market and recognizes Fannie Mae’s essential role as a stable source of multifamily mortgage capital.

Let’s keep doing what we do best – working together to serve the borrower and multifamily market!

Jeff