On November 24, the FHFA announced that the multifamily loan purchase caps for Fannie Mae and Freddie Mac (the Enterprises) in 2026 will be $88 billion each, totaling $176 billion. The announcement stated that, in 2025, at least 50 percent of each Enterprise’s multifamily loan purchases must be to mission-driven, affordable housing. The announcement provided that the loans made to finance workforce housing will remain excluded from the 2026 caps, while all other mission-driven loans remain subject to the volume limits.