Multifamily Social Bonds
Our Multifamily Social Bonds are backed by loans that help create and preserve affordable rental housing across the United States. Fannie Mae supports affordable multifamily housing by providing financing for the acquisition or refinance of individual properties or groups of properties that adhere to one of the programs outline in our Social Bond Framework.
Access DUS Disclose®, Multifamily Disclosure Platform
Multifamily Social Bond issuance information can be accessed on DUS Disclose, our Multifamily disclosure platform. The Green and Social Reports and Data Quick Reference Guide, available in the DUS Disclose Learning Center, provides a walk-through on how to export this data.
Some of our flagship programs for inclusion in Multifamily Social MBS include:
Restricted Affordable Housing
A Restricted Affordable Housing loan is available on a Multifamily Affordable Housing (MAH) property that is encumbered by regulatory agreement. It is the most restrictive of all of Fannie Mae's affordable housing offerings. To qualify, the property must provide rent-restricted housing subsidized by various government programs including Low-Income Housing Tax Credits (LIHTC), the U.S. Department of Housing and Urban Development's Section 8 program, state and local housing incentive initiatives, or restricted under Fannie Mae's Sponsor-Initiated Affordability (SIA) product.
Manufactured Housing Communities (MHC)
Manufactured housing continues to be an important part of the affordable housing stock, both for owners and renters. The median annual household income of manufactured home residents who own their homes is approximately $35,000, half of the median annual income of site-built homeowners. For renters of manufactured housing, over one-third earn less than $20,000 per year.1 In order to support this community, Fannie Mae provides financing for owners of Manufactured Housing Community sites in which the individual pad sites are leased to owners of manufactured homes. Through its program requirements, Fannie Mae seeks to influence the quality and affordability of these communities.
1 Manufactured Housing Landscape 2020, Multifamily Economic and Market Commentary, May 2020, Fannie Mae.
Unrestricted Affordable Housing
In order to meet the needs of workforce households across the spectrum, Fannie Mae provides financing for market-rate units that do not receive support from government housing programs, but still offer affordable rents in their local markets. These units are generally in class B or C properties that may provide affordable rents due to the age, condition, or location of the asset. For a property to qualify as Unrestricted Affordable Housing, at least 80% of all units must be affordable to households earning no more than 60% of AMI.
Healthy Housing Rewards
Our Healthy Housing Rewards™ initiative provides financial incentives for borrowers who incorporate health-promoting design features and practices or resident services in their newly constructed or rehabilitated multifamily affordable rental properties.
Investments designed to yield more than financial returns.
Learn more about the projected impact of our bonds backed by loans on properties that support the creation and preservation of affordable rental housing.
This communication is for informational purposes only. It does not constitute an offer to sell securities. In particular, it does not constitute an offer to the general public in the European Union. Before considering an investment in any Fannie Mae security, prospective investors should obtain and ensure they have read and understood the offering documents and any related disclosure information related to such securities.