Fannie Mae

Fannie Mae plans to purchase 269 loans secured by LIHTC properties during the two-year period while also making five LIHTC equity investments in 2019. Freddie Mac plans on making nine LIHTC equity investments during 2018-2020 serving high-needs rural regions.

To be excluded from the caps, loans for water and energy efficiency improvements must demonstrate at least a 25% energy or water savings.

FHFA made the announcement on November 16 that Fannie Mae and Freddie Mac are reentering the LIHTC market as equity investors in a limited role, effective immediately.

Federal Reserve Governor Jerome Powell delivered remarks last week at American Enterprise Institute and gave his opinion on reforming the Government Sponsored Enterprises Fannie Mae and Freddie Mac.

The Federal Housing Finance Agency recently proposed benchmark goals for Fannie Mae and Freddie Mac (the “GSEs”) in serving low income households for both single and multifamily.

Requirements range greatly across states and localities as far as incomes served, length of affordability, and incentives.

Should the Enterprises ever be permitted to invest in LIHTCs, the investments in rural areas would be eligible to receive Duty to Serve credit.

The increase comes in light of continued high levels of property acquisitions and deliveries of newly constructed apartment units…

Tasked with ensuring Fannie Mae and Freddie Mac meet a requirement to serve underserved markets, the Federal Housing Finance Agency proposed a rule that will allow the GSEs to earn Duty to Serve credit activities related to several HUD housing programs. A public comment period on the proposed rule is open for 90 days.

Ballard Spahr announced that Christopher D. Bell, a real estate attorney whose broad transactional experience includes more than 10 years at Fannie Mae, has joined the firm as a partner in the Washington, D.C., office.

The Federal Housing Finance Agency is required to set annual housing goals for mortgages purchased by Freddie Mac and Fannie Mae. FHFA established the 2015-17 goals in a final rule.

The Federal Housing Finance Agency (FHFA) announced that it is revising the affordable housing lending categories that are excluded from the multifamily lending purchase caps established in the 2015 Scorecard for Fannie Mae and Freddie Mac.