Within the federal government, several agencies are committed to providing lending support for multifamily rental properties. Among them are FNMA, FHLMC, and HUD.
Federal National Mortgage Association (FNMA): Founded in 1938 during the Great
Depression, FNMA (also known as Fannie Mae) is a stockholder-owned corporation chartered by Congress in 1968 as a government-sponsored enterprise (GSE). Its purpose is to purchase and securitize mortgages so that funds are consistently available to institutions that lend money to homebuyers. Fannie Mae provides multifamily financing for affordable and market-rate rental housing, and operates nationally, in all multifamily markets and under all economic conditions. Eighty-nine percent of the rental housing financed by Fannie Mae lenders is affordable to families at or below the median income of their communities.
Fannie Mae provides financing through a nationwide network of Delegated Underwriting and Servicing (DUS
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