Affordable Housing

Created by Congress, Freddie Mac's job is to ensure a reliable supply of funds to mortgage lenders in support of homeownership and rental housing. We attract capital from around the world to finance housing in America, and we constantly innovate to deliver it as effectively as possible. As a result, mortgage rates are lower, 30-year fixed-rate financing is plentiful, and borrowers get loan approvals in minutes.

Valuable Partnerships

Freddie Mac further advances its affordable housing mission through valuable partnerships with other similarly committed groups. These groups include local and state government entities, non-profit organizations and non-lender participants in the housing industry. Freddie Mac is dedicated to working with these and other organizations to provide the service and innovation necessary to continue the record growth of homeownership in America.

Expanding Markets

The nation's homeownership rate has reached a record high, with record numbers of families of all racial and ethnic backgrounds owning homes. Playing a vital role in our nation's mortgage markets, Freddie Mac has opened doors for more than 50 million families. Still, less than half of America's minority households have achieved the dream of homeownership.

• Homeownership Gap
• Future of the Housing Industry

Freddie Mac's Expanding Markets products and services are more accessible than ever before, providing lenders with the solutions they need to reach more borrowers and make a difference in their communities. Together, we work with community housing organizations and non-profit agencies to strengthen communities.

We're up to the challenge of doing more. Building on our strong record of expanding access to the mortgage market, Freddie Mac has launched a number of high-impact initiatives to accelerate the growth in minority homeownership. Our initiatives range from best-in-class homebuyer outreach and education to new technologies and mortgage products designed to put families into homes they can afford and keep.

Affordable Rental Housing

Making the rental housing market more affordable is another part of Freddie Mac's business. From investing in low-income housing tax credit partnerships to developing mortgage products that speed the construction and rental of very low-income housing, our multifamily division has made affordable housing possible for more than 4 million families.

More Information About Affordable Housing

• Buying and Owning a Home
• Department of Housing and Urban Development