Freddie Mac Multifamily is adding to its lineup of Impact Bonds Offerings with its first structured Social Bonds deal. The proceeds of Freddie Mac’s Social Bonds are used either to provide liquidity to social impact financial institutions for financing of affordable housing or to finance multifamily properties originated by the Freddie Mac Multifamily Optigo® network that are affordable to an underserved population. Proceeds from the underlying loans are used to finance rental properties in 28 states that serve low- to very low-income residents. Out of approximately 4,500 rental units, about 2,900 are home to people with very low incomes who make 50 percent or less of the area median income.
Related Posts
Senate, House Hold FY 2025 HUD Appropriations Hearings – April 30 & May 1
Senate, House Hold FY 2025 HUD Appropriations Hearings – April 30 & May 1
Boston Financial Ranked #1 Syndicator of Affordable Housing for Fourth Consecutive Year By NMHC
Boston Financial announced it has been ranked the largest LIHTC multifamily housing syndicator for the fourth consecutive year by National Multifamily Housing Council (NMHC).
Supreme Court Hears Oral Arguments on Local Bans on Homeless Encampments
On Monday, the U.S. Supreme Court heard oral arguments in City of Grants Pass, Oregon v. Johnson.
HUD Updates Multifamily Wind and Storm Insurance Policy
HUD announced an increase in deductibles for wind and named insurance coverage for multifamily properties financed with FHA-insured mortgages as a measure to address rising wind and storm insurance costs in recent years with extreme weather events expected to continue.