Freddie Touts MF Volume Record

Freddie Mac has announced that it closed a record $26.2 billion in new multifamily business transactions in 2005, a 10% increase from $23.8 billion in 2004.The record volume includes approximately $2 billion in targeted affordable housing products, which finance apartments that receive some form of government subsidy. All together, Freddie Mac said its multifamily transactions financed approximately 436,000 apartment homes affordable to families earning low or moderate incomes. Of the multifamily business, nearly $10 billion came through Freddie Mac's flow programs, and another $1.3 billion consisted of low-income housing tax-credit investments, the government-sponsored enterprise said. Freddie can be found online at http://www.freddiemac.com.