Freddie Mac has set up a new vehicle to provide small financial institutions access to additional liquidity for the financing of affordable housing. The mortgage loan firm said the Private Placement PC Swap execution enables a lender to swap a pool of loans backed by affordable properties for Freddie Mac Multifamily PCs backed by the loans. The Multifamily PCs, which are guaranteed by Freddie Mac, can then be sold to investors, returning liquidity to the financial institution.