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Fannie, Freddie Multifamily Loan Caps Boosted to $88B Each for 2026
U.S. Federal Housing (a/k/a the Federal Housing Finance Agency) has set the 2026 multifamily loan purchase caps for Fannie Mae and Freddie Mac at $88 billion for each GSE, with a combined total of $176 billion to support the multifamily market. The 2026 caps represent a $15-billion increase from the $73-billion cap set for Fannie and Freddie in 2025.
In announcing the increase, Federal Housing reaffirmed that affordable housing must represent at least 50% of the GSEs’ multifamily loan business. As in 2025, loans backed by workforce housing will not be subject to the caps.
At Fannie Mae, EVP and head of multifamily Kelly Follain said, “U.S. Federal Housing’s 2026 multifamily loan purchase cap will enable us to continue this important work, ensuring people have access to quality, affordable places to live in communities throughout the country. We look forward to partnering closely with our lenders and other stakeholders in the year ahead to deliver housing opportunities where they are needed most.”
