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Developers Take Advantage Of Increased Lending For Affordable Housing
April 1, 2016
Flickr/ Images Money
As affordable housing becomes scarcer by the second—and experts wonder whether supply can meet demand—lenders are stepping up, pouring billions into multifamily.
Overall, Freddie Mac reported a 67% jump in its multifamily loan purchase volume last year, totaling $47.3B, National Real Estate Investor reports.
Developers are getting easier access to capital on the back of Fannie Mae and Freddie Mac’s decision to "reward" affordable housing projects.
Fannie Mae's alse seeing growth on the affordable housing side, with a total of $42.3B in lending volume last year. [NREI]
