Washington, D.C. – U.S. Federal Housing announced today that 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.
To ensure a strong focus on affordable housing and underserved markets, U.S. Federal Housing will require that at least 50 percent of the Enterprises’ multifamily businesses be mission-driven, affordable housing. Just like in 2025, multifamily loans that finance workforce housing will be excluded from the 2026 limits. All other mission-driven loans remain subject to the volume caps.
To ensure the Enterprises continue to provide sufficient liquidity and support in the multifamily mortgage market, U.S. Federal Housing will continue to monitor the multifamily mortgage market and will increase the caps if necessary. However, to prevent market disruption, if the Agency determines that the actual size of the 2026 market is smaller than was initially projected, it will not reduce the caps.
2026 Multifamily Cap and Definitions
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The Federal Housing Finance Agency regulates Fannie Mae, Freddie Mac, and the 11 Federal Home Loan Banks. These government-sponsored enterprises provide more than $8.5 trillion in funding for the U.S. mortgage markets and financial institutions. Additional information is available at www.FHFA.gov, on X @FHFA, YouTube, Facebook, and LinkedIn.
Contacts: MediaInquiries@FHFA.gov