Fannie Mae reported providing more than $52 billion in financing to support the multifamily housing market in 2023.

The government-sponsored enterprise said its total multifamily production numbers for the year include:

  • Multifamily affordable housing: $6.6 billion;
  • Structured transactions: $8.5 billion;
  • Green financing: $7.5 billion;
  • Small loans: $5.1 billion;
  • Manufactured housing communities: $3.5 billion;
  • Senior housing: $0.5 billion; and
  • Student housing: $0.4 billion

“We are extremely proud of what we and our Delegated Underwriting and Servicing (DUS) lenders accomplished in 2023, and we continue to see our work have a positive impact in communities across the country,” said Michele Evans, executive vice president and head of multifamily. “The strength of the DUS program, now in its 36th year, enabled us to support the multifamily industry and provide vital liquidity to essential housing sectors.”

In addition, Fannie Mae noted committing approximately $4 billion in low-income housing tax credit investments since reentering the space in 2018.

Fannie Mae also released its top lender rankings for 2023. Berkadia Commercial Mortgage topped the list for affordable multifamily production.

Top 10 Producers in 2023 Volume ($ Billions)
1. Walker & Dunlop 6.6
2. Berkadia Commercial Mortgage 5.3
3. Greystone Servicing Co. 5.1
4. CBRE Multifamily Capital 4.9
5. KeyBank National Association 3.6
6. Arbor Commercial Funding I 3.5
7. JLL Real Estate Capital 3.4
8. Wells Fargo Multifamily Capital 2.7
9. Newmark 2.5
10. PNC Real Estate 2.4
Top 5 DUS Producers for Multifamily Affordable Housing in 2023
1. Berkadia Commercial Mortgage
2. CBRE Multifamily Capital
3. Walker & Dunlop
4. Greystone Servicing Co.
5. Merchants Capital Corp.