Workforce Housing Exempt From Fannie, Freddie Lending Limits In 2024
November 20, 2023 Matt Wasielewski, South Florida
The federal agency overseeing Fannie Mae and Freddie Mac is responding to rapid rent growth in recent years by encouraging the development of workforce housing.
The Federal Housing Finance Agency will exempt workforce housing loans in 2024 from the lending limits it imposes on the government-sponsored entities. Fannie and Freddie will be capped at $70B each of multifamily lending next year for all other properties, a combined $10B below 2023 levels.
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