Taking the Social bond of the year -agency award this year is Freddie Mac, whose first Giant Participation Certifications social bonds raised $29.8 million in 2024, supporting four transitional housing properties in New York City and one in Washington, DC.

Its Giant Participation Certificates, launched in 2024, allow the consolidation of participation certificates into larger single security and are considered an alternative for investors who prefer diversified pools.

The social bond – WG9003 – was backed by five participation certificates, all backing Freddie Mac-originated transitional housing properties totalling 244 units.

Freddie Mac says transitional housing programmes provide temporary, stable living conditions for individuals and families as they move toward securing permanent housing and often come with supportive services such as counselling, job training, and life skills education.