The FHFA has announced that the 2021 multi-family loan purchase caps for Fannie Mae and Freddie Mac (the GSEs) will be $70 billion for each Enterprise. The cap structure allows the GSEs to offer a combined total of $140 billion in support to the multifamily market. At least 50% of the GSEs' multifamily loans are required to be used for affordable housing. In addition-for the first time-affordable housing manufactured housing communities (MHC) must either be resident/governmentonprofit-owned or must have tenant pad lease protections to be counted as mission-driven, affordable housing.
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