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Fannie Finances $6 Billion of MF.(Fannie Mae)(Brief Article)
Fannie Mae made a total investment of about $36 billion in multifamily housing last year, the government-sponsored enterprise has reported.
More than 85% of the multifamily units financed by Fannie Mae last year were in the affordable housing category - affordable to families at or below area median income - according to the company.
About $1.7 billion went to multifamily equity investments that qualify for the Low Income Housing Tax Credit program, the GSE said.
"We will soon embark on a new pledge to further expand the supply of affordable housing where it is needed most, as part of a newly expanded American Dream Commitment," said Ken Bacon, senior vice ...
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Source: HighBeam Research, Fannie Finances $6 Billion of MF.(Fannie Mae)(Brief Article)