Low-Income Housing Investments Ramping Up at Freddie Mac as FHFA Increases LIHTC Equity Cap to $850 Million
MCLEAN, Va., Sept. 01, 2021 (GLOBE NEWSWIRE) -- Freddie Mac (OTCQB: FMCC) will begin ramping up its Low-Income Housing Tax Credit (LIHTC) equity investments, which support affordable housing throughout the United States.
- MCLEAN, Va., Sept. 01, 2021 (GLOBE NEWSWIRE) -- Freddie Mac (OTCQB: FMCC) will begin ramping up its Low-Income Housing Tax Credit (LIHTC) equity investments, which support affordable housing throughout the United States.
- The move comes in response to the Federal Housing Finance Agencys (FHFA) announcement that it has increased the annual cap on Freddie Macs LIHTC Equity investments from $500 million to $850 million.
- Freddie Mac has provided approximately $500 million in LIHTC Equity investments each year since reentering the market in 2018.
- Freddie Macs LIHTC Equity investments already support affordable housing throughout the United States.