MBA Statement on FHFA’s 2022 Multifamily Loan Purchase Caps
WASHINGTON, D.C. (October 13, 2021) - MBA President and CEO Bob Broeksmit, CMB, released the following statement regarding the Federal Housing Finance Agency's (FHFA) announcement of the 2022 multifamily lending purchase caps for the GSEs ($78 billion each for Fannie Mae and Freddie Mac):
"MBA and FHFA share a common goal of increasing the supply of affordable rental housing, and we commend FHFA for its continued commitment to providing stable liquidity to the marketplace and its focus on helping renters in underserved markets. The $78 billion caps for each GSE - an increase of $8 billion from 2021 - and the 50% mission-driven requirements support affordable multifamily housing and help ensure a level playing field across the various capital sources.
"As the economy continues its recovery from the pandemic, we are also grateful for FHFA's flexibility should the caps and mission-driven requirements need to be updated.
"MBA looks forward to continuing its work with FHFA, the GSEs, and other stakeholders on issues affecting both the commercial and multifamily markets, including alleviating the ongoing rental and affordable housing shortages across the country."