Citibank, N.A. has purchased an investment portfolio consisting of $676 million in low-income housing tax credits from Fannie Mae in a transaction that could give a boost to the resale market for tax credits. "I think this has been the largest tax credit transaction in history," said Andy Ditton, managing director of Citibank Community Development. "The sheer size of this transaction will demonstrate that there is liquidity in the secondary market."
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