As part of our public mission, we make homeownership and rental housing accessible and affordable for qualified low- to middle-income borrowers and those living in underserved communities.
Workforce Home Benefit
Our collaboration with Gallaudet University and the Greater Washington Urban League to make buying a home more affordable for Gallaudet employees is just one example of our Workforce Home BenefitSM in action. Through this program, we work with employers and local organizations to provide financial assistance and education that helps employees become successful homeowners in the communities where they work.
Affordable Rental Housing
We place an emphasis on financing affordable rental housing options for underserved communities such as seniors, students, and low- to moderate-income families. The Targeted Affordable Housing Program is one such effort where our financing of properties that receive federal or state support helps keep rents affordable for families with income levels at or below 60 percent of the local area median income.
First Look Initiative
Through HomeSteps, our real-estate owned (REO) division, our First Look Initiative, offers owner-occupant homebuyers the exclusive opportunity to buy a Freddie Mac REO home in the first 20 days (30 days in Nevada) the property is listed without competition from investors.
Available in participating California, Florida, and Nevada markets, our HomeSteps Buy-a-HomeTM Initiative combines homeownership education and financial incentives for homebuyers who would like to buy a Freddie Mac REO home and live in it as their primary residence. For qualified homebuyers who complete a homeownership education workshop offered by a HUD-approved housing agency, we'll provide 3% in closing cost assistance that may be used toward purchase of a Freddie Mac REO home.
On a Mission to Keep Housing Affordable: The Single-Family View
By Vice President Mike Dawson
Freddie Mac Properties
Learn more about Freddie Mac-owned properties and the benefits they can offer you.