2025 Freddie Mac Multifamily Production Volume Tops $77 Billion, Up 17% Year Over Year

Core Insights - Freddie Mac's Multifamily division achieved a production volume of $77.6 billion in 2025, marking a 17% increase from 2024, and supported over 577,000 affordable rental units across the U.S. [1][2] Production and Investment - The total production volume included $1.2 billion in Low-Income Housing Tax Credit (LIHTC) equity investments, $1.1 billion in workforce housing preservation loans, and $2.4 billion in forward conversions [2] - Freddie Mac's Long-Term Financing Facilities generated $2 billion in new funding, a 42% increase over 2024, while the Structured Products business closed 10 transactions totaling $2.5 billion [5] Market Focus and Product Enhancements - The company focused on increasing liquidity in the multifamily market to enhance the supply of affordable rental housing, implementing product enhancements and customer-focused process improvements [3] - Freddie Mac expanded its forwards program to include conventional properties and enhanced Lease-Up Loans to reduce costs in multifamily housing development [3] Affordable Housing Goals - In 2025, 66% of the production volume qualified as "mission-driven affordable housing," exceeding the 50% goal, with nearly 70% of goal-eligible units affordable to low-income residents earning less than 80% of area median income (AMI) [7] - A total of 93% of all units financed in 2025 were affordable at or below 120% of AMI [7] Historical Context and Mission - Historically, over 90% of the eligible rental units funded by Freddie Mac are affordable to families with low-to-moderate incomes earning up to 120% of AMI [8] - Freddie Mac's mission is to promote liquidity, stability, and affordability in the housing market, having assisted tens of millions of families since 1970 [9]