Fannie Mae stepped up its efforts to increase the supply of affordable housing, announcing earlier this week that it was increasing the loan limit for multifamily small mortgage loans from $3 million to $6 million.

Redwood Trust last week announced that it would invest as much as $78 million in a partnership seeking to acquire up to $1 billion in floating rate light-renovation whole loans from Freddie Mac. The California-based real estate investment trust says it has already funded the partnership to the tune of $20 million.

Multifamily remained a bright spot in 2018 for Fannie Mae and Freddie Mac, and observers expect that trend to continue in the new year.