The Federal Housing Finance Agency (FHFA) announced the 2026 multifamily loan purchase caps for Fannie Mae (OTCQB: FNMA) and Freddie Mac (OTCQB: FMCC) will be $88 billion for each entity, for a combined total of $176 billion to support the multifamily market.
In an unattributed statement, the FHFA said that at least 50% of the multifamily businesses for each enterprise focus on “mission-driven, affordable housing.” Multifamily loans to finance workforce housing will not be included in the 2026 limits.
Bob Broeksmit, president and CEO of the Mortgage Bankers Association, welcomed the news.
“Stable market conditions, strong maturity volumes, and a gradual decline in interest rates are expected to lift multifamily lending activity next year,” he said. “The announced cap levels will help ensure the GSEs remain a reliable source of financing for rental properties, including those serving lower-income households and rural communities. “We support the continued cap exemptions for targeted workforce housing and appreciate FHFA’s willingness to adjust caps and mission-driven requirements if needed.”
