Freddie Mac to invest $500M in Low-Income Housing Tax Credit Market

November 17, 2017                  By: WFGNTIC

REPOSTED DIRECTLY FROM INMAN NEWS. THIS CONTENT HAS NOT BEEN MODERATED BY WFG NATIONAL TITLE.

Freddie Mac today announced its re-entry into the Low-Income Housing Tax Credit (LIHTC) market as part of the newly launched Duty To Serve program, an initiative geared toward addressing persistent affordable housing problems by preventing foreclosures, responsibly expanding credit, educating future borrowers, counseling current borrowers and supporting affordable rental housing.

Freddie Mac’s first investment is expected to close in January 2018, with a $500 million annual investment cap. Freddie Mac will partner with and invest through experienced LIHTC syndicates, focusing mainly on markets that are often overlooked of underserved by most investors.

The LIHTC program provides incentives to multifamily property owners and investors to build and maintain quality affordable housing for low and very low-income households across the United States.............Read More