FANNIE MAE HELPS FINANCE $289 MILLION RENTAL ASSISTANCE DEMONSTRATION TRANSACTION WITH NYCHDC

摘要

Fannie Mae has financed a $289 million Rental Assistance Demonstration (RAD) transaction with its Delegated Underwriting and Servicing (DUS) lender partner Wells Fargo and the New York City Housing Development Corporation (NYCHDC). The 30-year financing, put together in cooperation with New York City Housing Authority (NYCHA), will enable the upgrade and renovation of 1,718 tenant-occupied public housing units in Manhattan, which will be converted to multifamily residential facilities receiving housing assistance payments.