Share:
MCLEAN, Va., Jan. 27, 2021 (GLOBE NEWSWIRE) Freddie Mac (OTCQB:FMCC) today announced it has provided $1.5 billion in Low-Income Housing Tax Credit (LIHTC) equity investments since reentering the market in 2018. In addition to reaching a volume milestone, the program has topped the 100 investments mark. The investments in low-income housing span underserved communities in 25 states, Puerto Rico and Guam and provide more than 12,600 homes for households that struggle to find safe and affordable rental housing. Over the last three years we have committed over $1.5 billion in LIHTC equity investments to provide vital capital that supports properties in underserved communities, said Steve Johnson, vice president of Production and Sales for Freddie Mac Multifamily s Targeted Affordable Housing. These investments fund the creation and preservation of affordable housing where it is needed most.