housing tax credit

Fannie Mae invests $14 million for low-income housing tax credit

Fannie Mae announced Wednesday that it will invest $14 million for a Low-Income Housing Tax Credit as it facilitates the development of a 110-unit multifamily residence. The GSE said its LIHTC financing of Mino-bimaadiziwin Apartments helps support much needed housing and ancillary services for Native Americans and other members of the Minneapolis community.