Freddie Mac Financing for Targeted Affordable Housing Properties  

Freddie Mac Insured Loans for the Acquisition or Refinancing of Affordable Multifamily Properties

Investors and developers who want to refinance or acquire an affordable housing property don't need to look further than the Freddie Mac Cash Loan for Affordable Housing Preservation. Freddie Mac Cash Loans for Affordable Housing Preservation offer LTVs of up to 80%, amortizations of up to 30 years, and DSCRs as low as 1.20x, making them an excellent way to preserve affordable housing developments for those who need them. Plus, these loans also support eligible mixed-use properties and offer both fixed and floating-rate options for borrowers. 

To learn more, check out Freddie Mac’s official Cash Loans for Affordable Housing Preservation Product Sheet or keep reading below for an in-depth explanation of the Cash Loans for Affordable Housing Preservation program.

Sample Freddie Mac Terms For Cash Loans for Affordable Housing Preservation

Size:  Varies based on LTV and DSCR requirements. 

Use:  Financing for the acquisition or refinance of stabilized affordable multifamily properties. 

Terms:  Up to 15 years fixed or floating-rate financing 

Amortization: Up to 30 years

Maximum LTV:  80% of market value 

Minimum DSCR:  1.25x

Eligible Borrowers: Developers with strong financial capacity who have successfully completed multiple resyndications using 4% LIHTCs and tax-exempt debt. 

Eligible Properties: Garden, mid-rise, or high-rise properties that meet affordability criteria. Must have 90% occupancy for at least 90 days. 

Prepayment Penalty: Loan maintenance or defeasance, depending on the product

Occupancy Requirement:  Must have 90% occupancy for at least 90 days. 


  • Up to 80% market value LTV allowance

  • Eligible mixed-use properties supported

  • Floating and fixed-rate options

  • Subordinate debt allowed under certain circumstances


  • Application fee, commitment fee, and other fees typically required