/PRNewswire/ TruFund Financial Services, Inc. ("TruFund"), a Community Development Financial Institution located in New York City today announced that it.
/PRNewswire/ TruFund Financial Services, Inc. ("TruFund"), a Community Development Financial Institution located in New York City today announced that it.
Fannie Mae Helps Finance $289 Million Rental Assistance Demonstration Transaction with New York City Housing Development Corporation
Financing Will Fund Repairs and Renovations for 16 Properties with 1,718 Apartment Units
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WASHINGTON, Dec. 10, 2020 /PRNewswire/ Fannie Mae (OTCQB: FNMA) announced today it financed a $289 million Rental Assistance Demonstration transaction with its Delegated Underwriting and Servicing (DUS
®) lender partner Wells Fargo and the New York City Housing Development Corporation. The 30-year financing, put together in cooperation with New York City Housing Authority, will enable the upgrade and renovation of 1,718 tenant-occupied public housing units in Manhattan, which will be converted to multifamily residential facilities receiving housing assistance payments, as part of Fannie Mae s ongoing effort to preserve and improve affordable rental housing for low-income families.