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April 23, 2014

Fannie Mae Boosts Multifamily Housing Sector

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Fannie Mae Boosts Multifamily Housing Sector

Fannie Mae pumped nearly $30 billion into the multifamily housing sector last year, the company says. It cooperated with lenders to finance 507,000 units of housing within the niche. 

About $2.3 billion of the total went to affordable multifamily housing, with an estimated $1.6 billion allocated for senior housing and $454 million funneled into student housing projects. 

Roughly $1 billion was earmarked for manufactured housing communities, a gain from an investment of $912 million in 2012.

Source: "Fannie Mae, Lenders Financed $28.8B in Multifamily Loans Last Year," RISMedia (Feb. 3, 2014)

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