Items Tagged with 'Affordable housing investment'

ARTICLES

  • Freddie Mac invests $61 million in housing for families displaced by Hurricane Harvey, others

    Launches new LIHTC fund to provide housing for homeless individuals
    Freddie Mac, which re-entered the Low-Income Housing Tax Credit market last year for the first time in nearly 10 years, is making another investment in affordable housing. The government-sponsored enterprise announced Monday that it closed a LIHTC fund with National Equity Fund and made three investments, totaling more than $61 million.
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  • California sues one of its own cities for not building enough affordable housing

    Governor: California’s housing crisis is an existential threat to our state’s future
    In an unprecedented move, the state of California is suing one of its own cities for not building enough affordable housing. Late last week, California Gov. Gavin Newsom announced that the state is suing the city of Huntington Beach for “standing in the way of affordable housing production and refusing to meet regional housing needs,” actions that “harm California families’ ability to find affordable places to live and drive up housing costs for everyone.”
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  • Freddie Mac partnering with RBC to provide $180 million for affordable housing

    Fund has already provided money for rebuilding Puerto Rico
    Freddie Mac, which re-entered the Low-Income Housing Tax Credit market last year after nearly 10 years away, is partnering with RBC to provide more than $180 million for affordable rental housing. The fund has already closed 10 transactions, including two in Puerto Rico and eight more in five states: New York, South Carolina, Tennessee, Texas, and West Virginia.
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  • Freddie Mac just had its biggest year ever in multifamily

    Multifamily support hits all-time high
    We already knew that Freddie Mac set an all-time record for multifamily security issuance in 2018, so it probably shouldn’t come as a surprise that 2018 was the government-sponsored enterprise’s best overall year ever in multifamily. Here are more details about how the GSE got there.
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  • Freddie Mac makes another LIHTC investment, inks deal with Boston Financial

    Fund will provide as much as $100 million for affordable housing
    Freddie Mac, which recently re-entered the Low-Income Housing Tax Credit market for the first time in nearly 10 years, is making another investment in affordable housing. The GSE announced this week that it closed its first LIHTC Fund with Boston Financial Investment Management and made its first investment in the fund.
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  • Freddie Mac continues LIHTC push, invests in Hudson Housing Capital

    Fund will provide as much as $100 million for affordable housing
    Freddie Mac, which recently re-entered the Low-Income Housing Tax Credit market for the first time in nearly 10 years, is continuing its push back into LIHTC investing. The GSE announced Monday that it closed its first LIHTC Fund with Hudson Housing Capital and its first investment in that fund. The fund will provide as much as $100 million in targeted affordable housing investments.
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  • Freddie Mac re-enters LIHTC market, commits as much as $100 million for affordable housing

    GSE partners with Enterprise to provide up to $100 million in funding for affordable housing projects
    Freddie Mac announced this week that it closed a Low-Income Housing Tax Credit Fund with Enterprise Community Investment. The closing of this fund marks Freddie’s first equity investment as well as its re-entry into the LIHTC market for the first time in 10 years.
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  • WNC closes $150M fund for affordable housing

    Fund will go toward building or renovating more than 1,950 affordable housing units
    WNC, an affordable housing development, investment and management company, just closed a $150 million fund for affordable housing. The fund enjoys backing from five repeat investors and was able to garner one new investor to add to its war chest.
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