LOW-INCOME HOUSING INVESTMENTS RAMPING UP AT FREDDIE MAC AS FHFA INCREASES LIHTC EQUITY CAP

摘要

Freddie Mac will begin ramping up its Low-Income Housing Tax Credit (LIHTC) equity investments, which support affordable housing throughout the U.S. The move comes in response to the Federal Housing Finance Agency's (FHFA) announcement that it has increased the annual cap on Freddie Mac's LIHTC Equity investments from $500 million to $850 million. Freddie Mac has provided approximately $500 million in LIHTC Equity investments each year since reenter-ing the market in 2018. Freddie Mac's LIHTC Equity investments already support affordable housing throughout the U.S. Recent examples include: Addressing Persistent Poverty, Madison, FL-Freddie Mac's investment in Hilltop Apartments will support the occupied-rehab of an existing 72-unit multifamily property located in Madison, FL. The property is comprised of 15, one-story residential buildings and one community building. All 72 units will be set aside for households with incomes at or below 40% and 60% of Area Median Income (AMI). Four units are set aside for special needs households targeting a homeless person, a survivor of domestic violence, a person with a disability, and a youth aging out of foster care. Supportive services will be provided by Royal American Management, Inc., the project's sponsor.