Funding For Multifamily Affordable Housing Reaches Its Highest Volume In 2021
The multifamily market grew tremendously over the past year, thanks to $70 billion in financing from Fannie Mae. The funding of multifamily affordable housing rose more than 23% in 2021 to the highest volume in the history of its 33-year-old Delegated Underwriting and Servicing program. Fannie Mae was a consistent source of liquidity for multifamily borrowers and support for renters in need as the economy and countless lives suffered disruptions from the pandemic.