The Wall Street Journal is reporting that Warren Buffett’s Berkshire Hathaway Inc. has joined Goldman Sachs Group Inc. in the investment bank’s bid to buy $3 billion in tax credits Fannie Mae. The Journal is also reporting that the Treasury Department is considering blocking any potential sale.
NH&RA will be exploring this potential transaction as part of our Equity Roundtable at the 2009 Affordable Housing Underwriting Forum & NCAHMA Annual Meeting, November 9-10 at the Doubletree Hotel Magnificent Mile, Chicago, IL. The panel will be lead by John Simon, partner and head of the affordable housing practice at the Sidley Austin Brown & Wood, General Counsel for the Affordable Housing Investors Council and one of the leading advisers for tax credit investors and syndicators. He will be joined by leading investors and syndicators including: JPMorgan Capital, National Equity Fund, U.S. Bancorp and Great Lakes Capital.
Click here to read the WSJ article.
