# Fannie Mae and Freddie Mac Get $88 Billion Each in 2026 Multifamily Caps

> FHFA raised 2026 multifamily loan purchase caps to $88B per enterprise ($176B total), up 20.5%, with at least 50% mission-driven affordable.

- Section: News › Capital Markets
- Tags: Multifamily
- Author: Uassist.ME Editorial Team
- Publisher: Published by Uassist.ME (https://uassistme.com)
- Published: 2026-10-17
- Last updated: 2026-10-18
- Canonical: https://leasingsignal.com/capital-markets/gse-multifamily-loan-caps-2026-88-billion/

## Key takeaways

- FHFA set 2026 caps at $88B each for Fannie Mae and Freddie Mac, $176B combined.
- That's a 20.5% increase from $73B per enterprise in 2025.
- At least 50% of each enterprise's multifamily business must be mission-driven affordable housing; certain workforce housing loans are exempt from the cap.

## What are the 2026 GSE multifamily caps?

The Federal Housing Finance Agency set the 2026 multifamily loan purchase cap at $88 billion for each of Fannie Mae and Freddie Mac, a combined $176 billion, up from $73 billion each in 2025.

## What conditions come with the caps?

FHFA requires at least 50% of each enterprise's multifamily business to be mission-driven, affordable housing. Loans for eligible workforce housing that preserve affordability under qualifying restrictions can be exempt from the cap.

## Why does it matter for borrowers?

Higher caps expand agency liquidity for apartment acquisitions and refinancing, supporting the abundant multifamily debt J.P. Morgan and others describe for 2026.

## Frequently asked questions

### How much multifamily lending can Fannie Mae and Freddie Mac do in 2026?

The Federal Housing Finance Agency set the 2026 multifamily loan purchase cap at $88 billion for each of Fannie Mae and Freddie Mac, a combined $176 billion, up from $73 billion each in 2025.

### What conditions come with the 2026 GSE caps?

FHFA requires at least 50% of each enterprise's multifamily business to be mission-driven, affordable housing. Loans for eligible workforce housing that preserve affordability under qualifying restrictions can be exempt from the cap.

### What do the GSE caps mean for multifamily borrowers?

Higher caps expand agency liquidity for apartment acquisitions and refinancing, supporting the abundant multifamily debt J.P. Morgan and others describe for 2026.

### Where do these figures come from?

Every figure is attributed in the text and linked in the numbered Sources list (2 sources, with publication dates where available). Vendor figures are labeled vendor-reported.

## Sources

1. [FHFA: 2026 Multifamily Loan Purchase Caps](https://www.fhfa.gov/news/news-release/u.s.-federal-housing-announces-2026-multifamily-loan-purchase-caps-for-fannie-mae-and-freddie-mac) (2025-11-24)
2. [Fannie Mae: 2026 Multifamily Loan Purchase Cap is $88 Billion](https://www.fanniemae.com/newsroom/fannie-mae-news/fannie-mae-multifamily-loan-purchase-cap-2026-88-billion) (2025-11-24)