Fannie Mae Has No Plans to Resume Tax Credit Investments, But Will Provide Credit Support for Bonds

摘要

Fannie Mae has no immediate plans to resume low-income tax credit equity investments or tax-exempt housing bond purchases, according to company officials, but it will continue to provide support for those programs through gap financing for tax credit projects and credit enhancement for bonds. "We will continue to be a very active participant in those markets from the bond credit enhancement side," said Manny Menendez, vice president of multifamily product development and business management.