MBA Statement on FHFA’s 2025 Multifamily Loan Purchase Caps

WASHINGTON, D.C. (November 18, 2024) - MBA's President and CEO Bob Broeksmit, CMB, released the following statement regarding the Federal Housing Finance Agency's (FHFA) announcement of the 2025 multifamily lending purchase caps for Fannie Mae and Freddie Mac (the GSEs):

"The 4 percent increase in the multifamily loan purchase caps to $73 billion for each GSE is appropriate, given the slightly improved market conditions and lending activity that's expected next year due to the slow decline in interest rates. The cap levels should ensure that the GSEs are a viable option for lenders that finance properties that serve lower-income households and those living in rural areas.

"We are also supportive of the continued cap exemptions for loans that support workforce housing and appreciate that FHFA will remain flexible should adjustments to the caps and mission-driven requirements be necessary.

"MBA supports a level playing field across all multifamily capital sources and strongly believes that rental housing affordability and availability should be a top priority for industry practitioners, policymakers, and regulators in 2025. We will work with the Trump administration and Congress on policies and initiatives that boost rental housing supply and improve affordability."