FHFA announced the 2026 multifamily loan purchase caps for Fannie Mae and Freddie Mac (the Enterprises) will be $88 billion for each Enterprise, for a combined total of $176 billion to support the multifamily market.
In Context: This is a substantial increase from the $73 billion cap per Enterprise in 2025.
FHFA will still require 50 percent of multifamily business go towards “mission driven, affordable housing” (defined here) and will allow loans that finance workforce housing to be excluded from 2026 limits.
If FHFA determines that the actual size of the 2026 market is smaller than was initially projected, it will not reduce the caps to prevent market disruption.
