Preserving Multifamily Affordable Housing (MAH) is a cornerstone of what we do at Fannie Mae. 2017 continued to demonstrate that commitment -- our partnership in the Loan We All Own™ delivered $6.8 billion in Affordable financing, the highest multifamily rental acquisition volume in the history of Fannie Mae's DUS® program.
That $6.8 billion includes $5.4 billion in MAH, an increase of 26 percent from our 2016 MAH volume of $4.3 billion; and $1.4 billion for properties with rent restrictions between 60 percent and 80 percent AMI, an increase of 8 percent from our 2016 volume of $1.3 billion.
You can't have a great year without great partnerships -- and our DUS partners are unsurpassed!
Thank you to Fannie Mae's 2017 top DUS Producers for MAH:
Congratulations to them and to all of our DUS partners for making 2017 another record year.
2018 is off to a great start and we look forward to working with you to make it another great year for Affordable Housing. I want to share some great product offerings to consider.
The M.TEB is HOT! Rates are low and production is up!
We are seeing great success in our M.TEB execution as pricing continues to exceed expectations and drive pipeline volume. And this is not just for immediate funding executions -- competitive rates are driving strong proceeds for M.TEB Forward executions as well. On the bond side, the investment bankers tell us the product is attracting new interest with each offering. Coupled with our Cost of Issuance Reimbursement Option, this product is the hottest in the market.
Additionally, our pipeline of Unfunded Forward Commitments for 9% LITHC transactions continues to grow and we are eager to hear about your RAD deals -- so show us what you have and we'll give you our best quote to win.
With a relatively flat yield curve and the increasing possibility of rising interest rates, our sponsors can't resist locking in low fixed rates for longer terms. The single-asset MBS and our DUS platform together give us a competitive advantage in this arena. When combined with our tailored Yield Maintenance or Declining Prepay Options, we offer unmatched flexibility.
While we look to celebrate more success this year, we will also continue to keep an eye on the market, especially in light of corporate tax reform and potential rising interest rates. The February Multifamily Market Commentary offers information on current trends and what we are seeing in the multifamily sector.
Please stay tuned for more training in the upcoming weeks as we continue to provide you with the information and resources you need to know our products and originate more business. For more information on all of our Multifamily Affordable Housing products, please visit fanniemaemultifamilyaffordable.com.
We look forward to working with you to make 2018 another great year in Multifamily Affordable finance!