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

In a recent announcement, FHFA announced its 2025 multifamily lending caps and exemptions, which are supported by MBA.

By Drew H. McCreery | November 25, 2024 at 04:45 AM

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 agencylending caps as market conditions are expected to modestly improve in 2025. Along with the increased loan caps, FHFA 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.

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