News & Transactions

M&T Realty Capital Corporation Becomes Newest Freddie Mac Multifamily Targeted Affordable Housing Lender

Wholly-owned subsidiary of M&T Bank receives approval for affordable housing lending nationwide 

(Baltimore, MD: July 28, 2020) - M&T Realty Capital Corporation® is pleased to announce it is now an approved Freddie Mac Multifamily Targeted Affordable Housing (TAH) Optigo® Lender. This program provides financing for multifamily properties in underserved areas that are affordable to families with low and very-low incomes including cash loans, bond credit enhancements, tax-exempt loans, and others.

“Freddie Mac’s TAH program provides specialty financing products that enhance permanent financing options for developers and owners of affordable housing properties,” said Jeffrey Rodman, Affordable Housing Program Manager for M&T Realty Capital Corporation. “We have been working with Freddie Mac in the conventional and seniors housing space for years, and are pleased to be approved under this incredible program.”

“M&T Realty Capital Corporation is building a great affordable housing team, and we are delighted to have them join the Freddie Mac TAH network,” said Stephen Johnson, Vice President of Small Balance Loan and Targeted Affordable Sales & Investments at Freddie Mac Multifamily. “We look forward to working with M&T’s team to provide a seamless execution for affordable housing properties across the nation.”

“The Freddie Mac TAH approval is a key element in the new Affordable Housing platform we’re implementing throughout M&T Bank as we synchronize our efforts in construction lending, bridge lending, pre-development lending, LIHTC equity investments, M&T Realty Capital permanent take out loans, and tax-exempt bond underwriting,” added Michael Berman, President & CEO of M&T Realty Capital Corporation. “In the last three years, M&T has averaged more than $1 billion in affordable housing production annually. We now are executing plans to grow that volume with our status as a newly approved Freddie Mac TAH lender, and will hire additional specialists for this platform. Our full-service approach to affordable housing underscores M&T’s strong community engagement and our commitment to assisting underserved people and regions.”

M&T Realty Capital Corporation is authorized to lend nationwide through this program, with a minimum loan size of $3 million. The company is also a nationwide Fannie Mae Affordable Housing lender and FHA/HUD lender.

About M&T Realty Capital Corporation
M&T Realty Capital Corporation® ( is a wholly-owned subsidiary of M&T Bank—one of the 20 largest US-headquartered commercial bank holding companies. As a full-service mortgage banking company, we specialize in providing competitive financing nationwide for multifamily properties, commercial income properties, and healthcare facilities. We are a fully accredited Fannie Mae DUS® lender, a Freddie Mac Optigo® lender, an approved FHA/HUD MAP and LEAN lender, and also offer life insurance company and CMBS financing through correspondent relationships. In 2019, we originated $5.24 billion in loans, and currently service a loan portfolio in excess of $20 billion.

 Equal Housing Lender. ©2020 M&T Realty Capital Corporation. NMLS #1024366.
M&T Realty Capital Corporation is a wholly-owned subsidiary of M&T Bank, Member FDIC.
“DUS®” is a registered trademark of Fannie Mae. “Optigo®” is a registered trademark of Freddie Mac.

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