«While the apartment industry supports the return of a more
robust private capital
market, we believe that setting caps on the GSEs»
multifamily lending volumes and reducing the diversity and availability of
multifamily mortgage products could interfere with stabilizing
market forces currently at work,» the joint letter stated.
Construction of new
multifamily units has been
robust over the past five years, far outpacing that of single - family homes, but most of the product is in pricey
markets and pricier neighborhoods, not in areas where demand is highest.