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Demand for Pilot Program Gains Steam

The Freddie Mac program provides funding for affordable housing properties that previously would not have received the same type of financing due to the smaller loan size, and also speeds up underwriting time.

By Lisa Brown | Updated on January 19, 2018

Jeff Englund Englund says Greystone is seeing a demand for the program and predicts that will keep growing.

DALLAS—Freddie Mac‘s targeted affordable housing express pilot program provides customers with a streamlined process, leading to lower transaction costs and a faster execution, and aims to preserve small affordable housing properties. Greystone has closed the first two transactions under Freddie Mac’s program.

“Our targeted affordable housing express pilot is designed to facilitate efficient preservation of affordable housing by simplifying processing, underwriting, and reducing costs for transactions (of) $10 million or under,” said David Leopold, vice president of targeted affordable sales and investments at Freddie Mac Multifamily.

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