By Erika Morphy
WASHINGTON, DC—Multifamily rental housing is expected to be a key component of Opportunity Funds, according to an analysis by Freddie Mac. Indeed, it notes that of the 117 planned funds identified by the National Council of State Housing Agencies as of April 4th of this year, 76 have an investment focus of multifamily residential development, with estimated earmarked funds totaling between $18.8 billion to $19 billion.
Freddie Mac, as well, expects it will be active in providing financing to these areas—certainly if past history is any guide. Read more (subscription needed).