ABA- FHFA Announces Steps to Promote Affordable Housing.
ENPNewswire-September 3, 2021--ABA- FHFA Announces Steps to Promote Affordable Housing
(C)2021 ENPublishing - http://www.enpublishing.co.uk
Release date- 02092021 - As part of the Biden administration's effort to increase the supply of affordable housing, the Federal Housing Finance Agency today announced that effective immediately, Fannie Mae and Freddie Mac will be permitted to invest up to $850 million annually in the Low-Income Housing Tax Credit market as equity investors.
FHFA stipulated that within the annual funding cap, 'any investments above $425 million in a given year are required to be in areas that have been identified by FHFA as markets that have difficulty attracting investors.'
FHFA also announced that it would extend from 20 to 30 days the period during which owner occupants, public entities, and nonprofits will have exclusive ability to buy...
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