The Federal Housing Finance Agency raised the 2016 lending caps for multifamily by $1.5 billion this week. As momentum in the space continues to grow, the cap is now set at $36.5 billion each for Fannie Mae and Freddie Mac.The agency last raised the caps in May, from $31 billion to $35 billion. The current combined cap of $73 billion is already 22 percent more than the combined cap for all of 2015, which was $60 billion. This adjustment is based on growing estimates of the overall size of the 2016 multifamily finance market and part of FHFA’s plan to review the market quarterly.