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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.