As is required by law, the FHA recently alerted Congress that they have utilized 75% of their commitment authority for multifamily insured loans. Each year Congress sets a limit to how much insurance can be in force for different FHA programs. This limit is called the commitment authority. This is not appropriated money, just how much FHA can insure. FHA multifamily loans have become a critical part of the market, as private lenders have not yet returned to housing finance. In coalition with other industry groups, NAR urged Congress to raise the commitment authority cap to ensure that the needs of multifamily developers who are providing much needed rental housing.