Constitution Ave NE
Washington, DC 20002
Today, multifamily housing finance is dominated by a federal guarantee provided by government sponsored enterprises, Fannie Mae and Freddie Mac, and the Federal Housing Administration. In recent years, there has been an explosion of multifamily debt, indicating the multifamily sector has been overleveraged in this low interest rate environment. At this Capitol Hill luncheon on July 18 moderated by Edward Pinto, industry experts Tom White and Charlie Wilkins argued that the federal guarantee should be phased out to enable private capital to re-enter the multifamily mortgage market. White and Wilkins' policy recommendations will allow federal actors to focus on their mission of providing apartments targeted to low-income tenants and not on refinancing apartments that can obtain private funding.