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You are here: Home » Resources » Articles » FHFA Increases Agency Lending Caps in Anticipation of Modest Growth in 2025

November 25, 2024

FHFA Increases Agency Lending Caps in Anticipation of Modest Growth in 2025

By Drew McCreery

In a Recent Announcement, FHFA Announced Its 2025 Multifamily Lending Caps and Exemptions, Which Are Supported by MBA

By Drew McCreery, Managing Director with Partner Engineering and Science, Inc. | Published November 25, 2024 on GlobeSt.com

It’s that time of year again. Fannie Mae and Freddie Mac (the GSEs) recently released updated Multifamily Guides, and the Federal Housing Finance Authority (FHFA), has increased agency lending caps as market conditions are expected to modestly improve in 2025. Along with the increased loan caps, the agency will maintain its requirement that at least 50% of the GSE’s multifamily business be focused on mission-driven, affordable housing.

FHFA has increased the multifamily loan purchase caps for Fannie Mae and Freddie Mac to $73 billion each in 2025, totaling $146 billion for the year. This marks a 4% rise from the 2024 caps and aims to ensure continued liquidity in the multifamily rental market while addressing growing affordability challenges.

In this Globe St. article, Drew McCreery discusses FHFA’s announcement regarding the 2025 multifamily lending caps and exemptions.

About the Authors

Drew McCreery

Drew McCreery

Managing Director, Multifamily
Drew H. McCreery serves as Managing Director, Multifamily as well as serving in a technical capacity as Technical Director of Agency Services at Partner Engineering and Science, Inc. As managing director, and with more than 20 years of commercial real estate experience, he is responsible for understanding and communicating the nuances of agency reporting requirements as well as the unique needs of multifamily assessments. Mr. McCreery’s multifamily role incorporates Agency, LIHTC, HUD, and multifamily Debt/Equity associated with all scopes (PCA, ESA, ALTA, Construction, Zoning, and IH) under one umbrella in order to provide a more holistic approach with refined tools and resources to help us cater to our clients and deliver the highest and most consistent quality. Thus allowing for increased communication and thought leadership to the various entities and institutions including Fannie Mae, Freddie Mac, The Department of Housing and Urban Development, State Housing Authorities, and various multifamily national organizations to assist in policy and maintain Partner as an industry leader through collaboration and partnership.

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