EXCERPT: “Real Estate Equities is moving forward with development of Technology Park Apartments, a $20 million, 164-unit affordable housing community in Rochester, Minn., with a Freddie Mac Non-LIHTC Forward Commitment loan secured by mortgage banking firm Merchants Capital . . . The project was financed through a 10-year loan, the first one of the new program designed to spur development of workforce housing. The Non-LIHTC forward are unfunded, forward commitments for affordable housing developed by non-profits and subsidized, rent-restricted affordable housing for-profit developers can use for new multifamily or substantial rehabilitation projects.” FULLSTORY: