The Federal Housing Finance Agency (FHFA) announced the 2019 multifamily lending caps for Fannie Mae and Freddie Mac today. The FHFA announced that the lending cap will be $35 billion for each enterprise – which is the same amount as in 2018.
In setting the caps, FHFA considers projections of the overall size of the 2019 multifamily originations market. For 2019, the FHFA predicts the market will be somewhat flat – in comparison to the 2018 market. Adjustments were also made to the methodology for determining cap eligibility for green and affordable loans.
This announcement was made ahead of the release of the scorecard, which will have more detail on each of the modifications described. As previously reported, NMHC/NAA are actively engaged on a number of issues related to FHFA and will keep member informed of ongoing activities and announcements.
For more information on this topic, please visit our Finance and Capital Markets advocacy page.