The recent announcement by the Federal Housing Finance Agency (FHFA) allowing Fannie Mae and Freddie Mac to increase their investments in Low-Income Housing Tax Credit (LIHTC) properties has been met with approval from industry leaders, including Bob Broeksmit, President and CEO of the Mortgage Bankers Association. This initiative is strategically significant as it aims to enhance affordable housing options within the housing market. By expanding their capacity to invest in LIHTC projects, Fannie and Freddie play a crucial role in stimulating the development of affordable housing, thereby potentially addressing the persistent housing shortage affecting many communities.
Key highlights of the announcement include:
– **Increased Investments:** Fannie Mae and Freddie Mac are now permitted to invest more in LIHTC properties, facilitating more affordable housing development.
– **Industry Support:** The decision has garnered support from key figures in the mortgage industry, emphasizing a collective push towards enhanced housing affordability.
– **Market Impact:** This move is expected to positively influence housing supply, making a meaningful contribution to addressing the ongoing challenges of housing availability and affordability in the market.
You can read this full article at: https://wrenews.com/fhfa-allows-fannie-and-freddie-to-invest-further-in-lihtc-properties/
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