Freddie Mac Multifamily Adds to Impact Lineup with First Social Bonds Offering

Freddie Mac Multifamily is adding to its lineup of Impact Bonds Offerings with its first structured Social Bonds deal. The proceeds of Freddie Mac’s Social Bonds are used either to provide liquidity to social impact financial institutions for financing of affordable housing or to finance multifamily properties originated by the Freddie Mac Multifamily Optigo® network that are affordable to an underserved population. Proceeds from the underlying loans are used to finance rental properties in 28 states that serve low- to very low-income residents. Out of approximately 4,500 rental units, about 2,900 are home to people with very low incomes who make 50 percent or less of the area median income.