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Duty to Serve

Through key programs designed to support America’s overlooked and underserved communities, Freddie Mac is bringing much-needed relief to areas that need it most.

Duty to Serve

Our Mission

Doing More for Affordable Housing

We're proud to lead the industry in developing innovative solutions for rural housing, manufactured housing, and affordable housing preservation that will benefit the nation for generations to come.

 

About Duty to Serve

Committed to Our Mission

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Help Where it’s Needed

Supporting
Rural Housing

Rural areas are home to about one-quarter of the nation’s population, but suffer disproportionately from substandard infrastructure, lack of affordable housing options, and higher-than-average poverty rates.

We’re working to expand affordable housing options for more households across the rural landscape.

lady sitting at the porch reading
Home Renovation

Cost-Effective Renovations

Supporting financing with CHOICE­Renovation® for renovations and repairs to help make homes affordable, safe, and tailored to the household’s evolving needs.
Couple in front of home

LIHTC Equity

Expanding our investments in the Low-Income Housing Tax Credit equity market to help create and preserve more affordable rental housing in 22 states, Puerto Rico and Guam.
  • Duty to Serve

    In 2019, we provided more than $1.7 billion to finance more than 14,000 single-family homes in rural areas– most in high-needs regions.

  • Duty to Serve

    In 2019, we substantially increased our LIHTC equity in Duty to Serve areas with more than $111.9 million in investments in these communities.

mother sitting with her young child talking at the entrance of the house

Help Where it’s Needed

Supporting 
Manufactured Housing

Today’s manufactured homes are comparable in quality to site-built homes and cost up to 50 percent less per square foot, providing a meaningful affordable housing alternative for many families.

We’re developing innovative approaches to better support manufactured housing options.

a family smiling and moving in with boxes

More Affordable Financing

Expanding homeownership opportunities with financing for manufactured homes, including CHOICEHome®, which has many features of a site-built home.
Couple posing for picture near house

Resident-Owned Communities

Doing more to finance and support resident-owned manufactured housing communities across the U.S.
  • Duty to Serve

    In 2019, we provided $519 million to finance almost 4,400 manufactured homes – 22% more homes than in 2018.

  • Duty to Serve

    We deployed $88 million to support tenant protections across 1,387 leases in Manufactured Housing Communities.

Keeping it Together

Supporting Affordable Housing Preservation

Preserving the nation’s existing affordable housing stock is critical for keeping safe, decent homes within reach for moderate- and low-income families.

We’re focusing on preserving affordable housing to foster strong, stable communities.

couple smiling and posing for a picture at the entrance of the house
House with solar panel

Energy-Efficiency Financing

Providing education and financing solutions to help preserve affordability when buying or refinancing a home.
apartment complex

Rental Housing Financing

Preserving affordable rental housing across the nation in communities like Tulsa, Oklahoma.
  • Duty to Serve

    In 2019, we provided $10.1 billion to support multifamily affordable housing preservation, including over $800 million in liquidity in support of small balance loans.

  • Duty to Serve

    We’re helping to keep homes affordable in high-cost areas over the long term with our Community Land Trust Mortgage and other options for financing shared equity homeownership opportunities.

Related Content on Duty to Serve

Making an Impact in Rural Communities

Economic opportunity and affordable housing are key to the future of rural communities.

How Can Refinancing Amid Low Rates Support More Equitable Housing?

Wealth equity is central to preserving economic mobility across generations.

Freddie Mac White Paper Examines Multifamily Housing in High Opportunity Areas

This white paper examines the availability of affordable housing for renters in High Opportunity Areas, which provide residents with access to quality education, employment, health care and transportation.

Shining a Spotlight on Underserved Markets in 2021

Our initiatives aim to better understand the affordability challenges, increase rental and homeownership opportunities in historically underserved markets and provide access to safe and affordable housing throughout the nation.

Rural Research Symposium

The Rural Research Symposium is an open forum for collective discussion on recent rural research and the state of the rural economy.

Freddie Mac White Papers Detail Multifamily Natural Disaster Resilience Measures and Green Improvements

Freddie Mac releases a pair of whites papers addressing multifamily resiliency and climate change and energy and water efficiency improvements in workforce housing.

Collaboration on Shared Equity Programs in Milwaukee, Minneapolis and Omaha Can Create Lasting Opportunity

How can housing professionals collaborate across the ecosystem to help close the gap and establish solid, sustainable pathways to affordable homeownership?

ADUs Offer Promise as a Viable Affordable Housing Supply Solution

How can a detached garage help address the shortage of affordable housing?

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