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2024 Freddie Mac Multifamily Volume Reaches $66 Billion, Up 34% Year Over Year

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Freddie Mac Multifamily reported a strong performance in 2024 with total production volume reaching $66 billion, marking a 34% increase from 2023. The volume comprised $65 billion in multifamily financing and $1 billion in Low-Income Housing Tax Credit (LIHTC) equity investments.

The company supported 507,191 affordable rental units across the United States, with 65% of production volume qualifying as mission-driven affordable housing, exceeding the FHFA's 50% goal. Notable achievements include:

  • 93% of financed units were affordable at or below 120% of AMI
  • Record $17 billion in Targeted Affordable Housing volume, supporting nearly 133,000 rent-restricted units
  • Creation of affordable units for over 23,000 families through forward commitments
  • Seven new credit facilities generating almost $2 billion in new funding

Freddie Mac Multifamily ha registrato una forte performance nel 2024, con un volume totale di produzione che ha raggiunto 66 miliardi di dollari, segnando un aumento del 34% rispetto al 2023. Il volume comprendeva 65 miliardi di dollari in finanziamenti multifamiliari e 1 miliardo di dollari in investimenti patrimoniali con Crediti d’Imposta per l’Alloggio a Basso Reddito (LIHTC).

L’azienda ha supportato 507.191 unità abitative a prezzi accessibili negli Stati Uniti, con il 65% del volume di produzione che rientra nell'abitazione accessibile a missione, superando l’obiettivo del 50% stabilito dalla FHFA. I risultati notevoli includono:

  • Il 93% delle unità finanziate era accessibile a o sotto il 120% dell'AMI
  • Un record di 17 miliardi di dollari nel volume per Abitazioni Accessibili Mirate, sostenendo quasi 133.000 unità con affitto limitato
  • Creazione di unità accessibili per oltre 23.000 famiglie attraverso impegni anticipati
  • Sette nuove strutture creditizie che generano quasi 2 miliardi di dollari in nuovi finanziamenti

Freddie Mac Multifamily reportó un fuerte rendimiento en 2024, con un volumen total de producción alcanzando $66 mil millones, lo que representa un aumento del 34% en comparación con 2023. El volumen consistió en 65 mil millones de dólares en financiamiento multifamiliar y 1 mil millones de dólares en inversiones de capital con Créditos Fiscales para Vivienda de Bajos Ingresos (LIHTC).

La empresa apoyó 507,191 unidades de alquiler asequible en los Estados Unidos, con el 65% del volumen de producción calificado como vivienda asequible impulsada por una misión, superando la meta del 50% de la FHFA. Los logros notables incluyen:

  • El 93% de las unidades financiadas eran asequibles a o por debajo del 120% del AMI
  • Un récord de 17 mil millones de dólares en volumen de Vivienda Asequible Dirigida, apoyando casi 133,000 unidades de alquiler restringido
  • Creación de unidades asequibles para más de 23,000 familias a través de compromisos anticipados
  • Siete nuevas instalaciones de crédito generando casi 2 mil millones de dólares en nuevo financiamiento

프레디 맥 멀티패밀리는 2024년에 강력한 실적을 보고했으며, 총 생산량은 660억 달러에 도달하며 2023년 대비 34% 증가했습니다. 이 양은 650억 달러의 다가구 금융과 10억 달러의 저소득 주택 세액 공제(LIHTC) 자본 투자로 구성되었습니다.

회사는 미국 전역에서 507,191개의 저렴한 임대주택을 지원했으며, 생산량의 65%가 미션 기반의 저렴한 주택으로 분류되어 FHFA의 50% 목표를 초과했습니다. 주목할 만한 성과는 다음과 같습니다:

  • 93%의 자금 지원 유닛이 AMI의 120% 이하로 저렴했습니다.
  • 임대 제한 유닛을 지원하는 기록적인 170억 달러의 목표 저렴한 주택 양
  • 전방 약속을 통해 23,000개 이상의 가구를 위한 저렴한 유닛 창출
  • 거의 20억 달러의 신규 자금을 창출하는 7개의 새로운 신용 시설

Freddie Mac Multifamily a rapporté une performance solide en 2024 avec un volume de production total atteignant 66 milliards de dollars, marquant une augmentation de 34 % par rapport à 2023. Le volume comprenait 65 milliards de dollars de financements multifamiliaux et 1 milliard de dollars d'investissements en fonds propres liés aux crédits d'impôt pour logement à faible revenu (LIHTC).

L'entreprise a soutenu 507 191 unités de logement locatif abordables à travers les États-Unis, avec 65 % du volume de production qualifié de logement abordable axé sur la mission, dépassant l'objectif de 50 % fixé par la FHFA. Parmi les réalisations notables figurent :

  • 93 % des unités financées étaient abordables à ou en dessous de 120 % du revenu médian
  • Un record de 17 milliards de dollars en volume de logements abordables ciblés, soutenant près de 133 000 unités à loyer restreint
  • Création d'unités abordables pour plus de 23 000 familles grâce à des engagements anticipés
  • Sept nouvelles lignes de crédit générant près de 2 milliards de dollars de nouveaux financements

Freddie Mac Multifamily berichtete im Jahr 2024 über eine starke Leistung mit einem Gesamtproduktionsvolumen von 66 Milliarden Dollar, was einem Anstieg von 34% im Vergleich zu 2023 entspricht. Das Volumen bestand aus 65 Milliarden Dollar an Finanzierungen für Mehrfamilienhäuser und 1 Milliarde Dollar an Eigenkapitalinvestitionen durch Low-Income Housing Tax Credit (LIHTC).

Das Unternehmen unterstützte 507.191 erschwingliche Mietwohnungen in den Vereinigten Staaten, wobei 65% des Produktionsvolumens als zielorientierte erschwingliche Wohnraumnutzung qualifiziert wurde, was das Ziel von 50% der FHFA übertraf. Zu den bemerkenswerten Erfolgen gehören:

  • 93% der finanzierten Einheiten waren erschwinglich bei oder unter 120% des AMI
  • Rekord von 17 Milliarden Dollar im Volumen für gezielte erschwingliche Wohnungsbauprojekte zur Unterstützung von fast 133.000 mietbeschränkten Einheiten
  • Schaffung von erschwinglichen Einheiten für über 23.000 Familien durch Vorausverpflichtungen
  • Sieben neue Kreditfazilitäten, die fast 2 Milliarden Dollar an neuen Finanzierungsquellen generieren
Positive
  • 34% year-over-year increase in production volume to $66 billion
  • Exceeded FHFA's affordable housing goals with 65% mission-driven volume
  • Record $17 billion in Targeted Affordable Housing volume
  • 64% increase in credit facilities funding to $2 billion
  • Supported over 507,000 affordable rental units
Negative
  • None.

Company Supported Over 507,000 Affordable Rental Units in 2024, on Track to Exceed Affordable Housing Goals

MCLEAN, Va., Jan. 15, 2025 (GLOBE NEWSWIRE) -- Freddie Mac (OTCQB: FMCC) Multifamily today announced its 2024 production volume totaled $66 billion, a 34% increase over 2023. Creative, strategic shifts ahead of improved market conditions in the second half of the year resulted in $65 billion in multifamily financing and $1 billion in Low-Income Housing Tax Credit (LIHTC) equity investments in 2024. The company led the agency market in volume and met all its mission-driven affordable housing targets, supporting 507,191 affordable rental units across the United States while maintaining strong safety and soundness standards.

“Every day, we go to work to provide liquidity, stability and affordability to the multifamily market. In 2024, we not only met but exceeded our mission during a challenging year that made a tangible impact on countless lives,” said Kevin Palmer, head of multifamily for Freddie Mac. “By staying ahead of market shifts, we were well-positioned for effective execution in the latter part of the year. But our most important achievement was working with our Optigo® lenders, servicers, borrowers and investors to make quality, affordable rental housing available to more than half a million families nationwide.”

Freddie Mac data released today indicates that the company will achieve its 2024 Multifamily affordable housing goals set by the Federal Housing Finance Agency (FHFA). A total of 65% of 2024 production volume qualified as “mission-driven affordable housing,” exceeding the 50% goal set by FHFA.

More than 65% of goal-eligible units financed were affordable to low-income residents earning less than 80% of area median income (AMI) and more than 15% were affordable to very low-income residents with incomes no greater than 50% of AMI, surpassing both goals. In total, 93% of all units financed in 2024 were affordable at or below 120% of AMI.

Freddie Mac Multifamily’s Targeted Affordable Housing volume hit a record high in 2024, providing $17 billion in financing to support nearly 133,000 rent-restricted affordable units. Freddie Mac Multifamily supported the creation of affordable units for more than 23,000 families, the rehabilitation of units for more than 10,000 and preserved affordability without subsidy through Freddie Mac loan terms for nearly 11,000 families.

Forward commitments showed continued strength in 2024, driving the creation of 23,153 units of new affordable and workforce housing. Forwards provide certainty of financing by locking in loan terms in advance, allowing new construction or major renovations to advance and increasing the supply of affordable rental housing.

Also in 2024, Freddie Mac opened seven new highly flexible, longer term credit facilities, generating almost $2 billion in new funding, a 64% increase over 2023.

With $1 billion in LIHTC equity investments in 2024, Freddie Mac achieved its LIHTC equity Duty to Serve targets. Since 2018, Freddie Mac Multifamily has committed over $5 billion in LIHTC equity, ensuring over 33,000 units of affordable housing were created or preserved.

“Freddie Mac Multifamily’s 2024 achievements go beyond the numbers,” Palmer added. “Each unit we fund is a place for a family to call home. That’s why we continue to drive forward new ideas to meet our mission while celebrating past success. In 2024, we marked the ten-year anniversary of our Small Balance Loans and Tax-Exempt Loans programs, which have supported hundreds of thousands of affordable units in states nationwide. We are embracing the challenge of continuing to innovate in the next decade and beyond.”

Freddie Mac Multifamily is a national multifamily housing finance leader. Historically, more than 90% of the eligible rental units we fund are affordable to families with low-to-moderate incomes earning up to 120% of area median income. Freddie Mac securitizes more than 90% of the multifamily loans it purchases, transferring interest-rate risk, liquidity risk, and the majority of expected credit risk away from U.S. taxpayers to private investors.

Freddie Mac’s mission is to make home possible for families across the nation. We promote liquidity, stability, affordability and equity in the housing market throughout all economic cycles. Since 1970, we have helped tens of millions of families buy, rent or keep their home. Learn More:
Website | Consumers | Twitter | LinkedIn | Facebook | Instagram | YouTube

MEDIA CONTACT: Melissa Silverman
703-388-7037
Melissa_Silverman@FreddieMac.com


FAQ

What was Freddie Mac's (FMCC) multifamily production volume in 2024?

Freddie Mac's multifamily production volume reached $66 billion in 2024, consisting of $65 billion in multifamily financing and $1 billion in LIHTC equity investments.

How many affordable rental units did FMCC support in 2024?

Freddie Mac supported 507,191 affordable rental units across the United States in 2024.

What percentage of FMCC's 2024 production volume was mission-driven affordable housing?

65% of Freddie Mac's 2024 production volume qualified as mission-driven affordable housing, exceeding the FHFA's 50% goal.

How much did FMCC invest in Targeted Affordable Housing in 2024?

Freddie Mac's Targeted Affordable Housing volume reached a record high of $17 billion in 2024, supporting nearly 133,000 rent-restricted affordable units.

What was FMCC's LIHTC equity investment in 2024?

Freddie Mac invested $1 billion in LIHTC equity in 2024, meeting its Duty to Serve targets.

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