Freddie Mac Multifamily announced a significant 34% increase in its 2024 production volume, totaling $66 billion compared to the previous year. This remarkable growth resulted from strategic shifts implemented ahead of improved market conditions in the latter half of the year. The company's multifamily financing reached $65 billion, with an additional $1 billion allocated to Low-Income Housing Tax Credit (LIHTC) equity investments.
"Every day, we go to work to provide liquidity, stability and affordability to the multifamily market,” said Kevin Palmer, head of multifamily for the GSE. In 2024, we not only met but exceeded our mission during a challenging year that made a tangible impact on countless lives."
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Erika Morphy
Erika Morphy has been writing about commercial real estate at GlobeSt.com for more than ten years, covering the capital markets, the Mid-Atlantic region and national topics. She's a nerd so favorite examples of the former include accounting standards, Basel III and what Congress is brewing.
