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WASHINGTON, Jan. 19, 2021 /PRNewswire/ Fannie Mae (OTCQB: FNMA) announced today that since its return to the Low-Income Housing Tax Credit equity (LIHTC) market in 2018, it has provided $1.5 billion of equity investments to support the creation and preservation of 576 affordable properties. Fannie Mae s investments in 46 states and the District of Columbia are part of an ongoing commitment to affordable rental housing in underserved markets.
Fannie Mae investments have enabled the preservation and production of LIHTC properties with a focus on underserved populations (Native American and farmworker communities), underserved markets, supportive housing developments, and disaster impacted areas.
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.