Fannie Mae and Freddie Mac to Re-enter the LIHTC Market
Fannie Mae and Freddie Mac to Re-enter the Low-Income Housing Tax Credit Market
The Federal Housing Finance Agency (FHFA) announced today that Fannie Mae and Freddie Mac (the Enterprises) will re-enter the LIHTC market on a limited basis effective immediately. NAA/NMHC supported this concept in our comments to the Duty To Serve proposed guidance document issued by FHFA in the first quarter of 2016.
Today’s announcement allows an annual investment limit of $500 million and less than a 5 percent market share for each Enterprise. These investments are designed to preserve affordable housing, support mixed-income housing, provide supportive housing, or meet other affordable housing objectives.
Provided by NMHC as part of the NAA/NMHC Joint Legislative Program