Loan allocations for Fannie Mae and Freddie Mac support a stable debt environment.
SANTA BARBARA, CALIF., Nov. 12, 2015 – The U.S. Federal Housing Finance Agency’s recent decision to extend allocations valued at $60 billion for Fannie Mae and Freddie Mac in 2016 signals good news for both affordable housing and the multifamily capital market. The impact of the FHFA’s action is addressed in a news bulletin issued today by Yardi® Matrix, which serves as a business development tool for brokers, sponsors, banks and equity sources that underwrite multifamily investment transactions.
The $30 billion allocation from each of the two government-sponsored enterprises (GSEs) includes authority to exceed the cap for loans on affordable housing properties and for assets with a sustainable component. Along with offering relief for the affordable housing shortage, this action will lend liquidity to secondary and tertiary markets that national lending markets largely avoid, according to the bulletin.
Learn more about the importance of the GSEs in multifamily lending by clicking here to view the full report, titled “Kudos to GSEs for Focus on Affordable Housing.”
About Yardi
Now in its fourth decade, Yardi® is committed to the design, development and support of software for real estate investment management and property management. With the Yardi Commercial Suite™, the Yardi Multifamily Suite™, Yardi Investment Suite™ and Yardi Orion® Business Intelligence, the Yardi Voyager® platform is a complete real estate management solution. It includes operations, accounting and ancillary processes and services with portfolio-wide business intelligence and platform-wide mobility. Yardi is based in Santa Barbara, Calif., and serves clients worldwide from offices in North America, Asia, Australia, Europe and the Middle East. For more information, visit www.yardi.com.