Freddie Mac Multifamily Volume Soars 34% in 2024

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.”