Multifamily Program

Ginnie Mae's multifamily mortgage-backed securities programs permit approved issuers to securitize project and construction loans. Since 1971, Ginnie Mae has guaranteed approximately $65 billion in multifamily mortgage-backed securities, financing affordable rental housing including apartment buildings, nursing homes and assisted-living facilities.

In 2003, Ginnie Mae's multifamily program:

• More than tripled the total number of loans outstanding in ten years - from 1,728 loans in 1993 to 5,457 in 2003.
• Increased the number of loans outstanding by 14.3 percent from 2002.
• Marked the achievement of $2 trillion in overall Ginnie Mae MBS following the issuance of a multifamily MBS with GMAC Commercial Mortgage.

Benefits of the multifamily program

Historically, Ginnie Mae has played an important role in providing opportunities in the multifamily housing market. By promoting access to mortgage credit and enhancing the liquidity of mortgage investment, Ginnie Mae has increased the availability of affordable rental housing for millions of Americans.

By stimulating the expansion of lending activity, Ginnie Mae has played a major role in helping to meet our nation’s demand for multifamily housing.

Project loans (PDF)
Learn about special requirements that apply to a pool consisting of one or more project loans for multifamily housing.

Construction loans (PDF)
Learn about special requirements that apply to a pool consisting of a single loan for the construction of multifamily housing.

Claims for Reimbursement (PDF)
Learn about procedures for filing a request for reimbursement of mortgage insurance claim costs.

Contains information about Ginnie Mae's Multifamily mortgage-backed securities at the security and loan level.

Basic training for multifamily issuers and prospective issuers – an introduction to Ginnie Mae's issuance process.