fannie-mae-houseEXCERPT: “Fannie Mae today announced that it will resume low-income housing tax credit (LIHTC) activities to provide a reliable source of capital for affordable rental housing and underserved markets. The Federal Housing Finance Agency (FHFA) approved Fannie Mae’s re-entry into the LIHTC market as an equity investor effective immediately. Fannie Mae’s return to the LIHTC market will expand the company’s efforts to increase and improve affordable housing stock and help those markets most in need of support. Fannie Mae’s deep experience, long history, strong leadership, and partnership approach in the LIHTC market positions the company to provide immediate and ongoing support for the production and preservation of affordable rental housing. Since its inception, the LIHTC program has built nearly 3 million apartment units, housing about 6.7 million low-income families, and currently finances the construction and rehabilitation of almost all subsidized housing in the U.S. Approximately 90,000 apartment units are built each year using LIHTC, enabling thousands of Americans to find affordable housing.” FULLSTORY: http://read.bi/2AN9Yvm