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FHFA Report: Fannie, Freddie Invested More than $1.7 Billion in LIHTC Equity in 2023

Wednesday, April 17, 2024 - 1:19PM

Fannie Mae and Freddie Mac invested more than $1.7 billion in low-income housing tax credit (LIHTC) equity in 2023, according to the Federal Housing Finance Agency’s annual Housing Mission Report released today. More than 90% of Fannie and Freddie’s LIHTC activity included transactions that support housing in Duty-to-Serve-designated rural areas, preserve affordable housing, support mixed-income housing, provide supportive housing or meet other affordable housing objectives, according to the report. The report said that Federal Home Loan Banks awarded $446.9 million through their Affordable Housing Programs in 2023, supporting more than 33,000 housing units.

Hear more about LIHTC equity trends at the Novogradac 2024 Affordable Housing Conference, May 2-3 in San Francisco.

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