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."

Freddie Mac's efforts in 2024 supported 507,191 affordable rental units across the United States. The GSE surpassed its 2024 multifamily affordable housing goals set by the Federal Housing Finance Agency (FHFA). Notably, 65% of 2024 production volume qualified as "mission-driven affordable housing," exceeding the 50% goal set by FHFA. Over 65% of goal-eligible units financed were affordable to low-income residents earning less than 80% of area median income (AMI), while more than 15% were affordable to very low-income residents with incomes no greater than 50% of AMI. In total, 93% of all units financed in 2024 were affordable at or below 120% of AMI.