Fannie Mae
House Members Introduce Bipartisan GSE Reform Measure
On September 6, the tenth anniversary of the federal government’s takeover of Fannie Mae and Freddie Mac, retiring House Financial Services Committee chair Jim Hensarling (R-TX) released a discussion draft for the Bipartisan Housing Finance Reform Act. The measure is co-sponsored by Reps. John Delaney (D-MD) and Jim Himes (D-NY) and would eliminate Fannie Mae […]
White House Proposal Would Move Rural Housing Programs to HUD, Transfer CDBG to Dept. of Commerce
The proposal would reorganize several aspects of the Federal Government, with affordable housing and GSE reform in the mix.
Fannie Mae and Grounded Solutions Network Release Inclusionary Zoning Map Available for Use, Over 800 Programs Identified
This interactive, web-based tool identifies over 800 local rental and homeownership inclusionary housing programs nationwide and includes data on state-level legislation and judicial decisions that are related to the adoption of local inclusionary housing policies.
Webinars Available for CORES and Fannie Mae Enhanced Resident Services Initiative
Presented by Stewards of Affordable Housing for the Future (SAHF) and Fannie Mae Enhanced Resident Services is the next stage of Fannie Mae’s Healthy Housing Rewards initiative, which aims to advance the development of sustainable communities and the availability of affordable housing by encouraging affordable multifamily borrowers to implement healthy design features and resident services […]
Fannie Mae Unveils 1st LIHTC Fund Of $100M
Fannie Mae has partnered with Raymond James Tax Credit Funds for a $100 million offering, the GSE’s first investment in LIHTCs since entering conservatorship. While initially hesitant regarding the development, industry players mostly welcome participation from GSEs, who bring stability to a marketplace that saw pricing volatility from tax reform. FHFA made the announcement back […]
FHFA Publishes Fannie and Freddie Duty to Serve Plans for 2018-2020
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.
FHFA Announces Reduced 2018 MF Lending Caps for GSEs
To be excluded from the caps, loans for water and energy efficiency improvements must demonstrate at least a 25% energy or water savings.
Fannie Mae and Freddie Mac to Re-enter LIHTC Market
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.
“Now or Never” for GSE Reform
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.
FHFA Releases Estimates for 2018-2020 GSE Housing Goals, Comments Due 9/5
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.
Fannie Mae Examines Inclusionary Zoning
Requirements range greatly across states and localities as far as incomes served, length of affordability, and incentives.
FHFA Final Rule Suggests Potential for GSEs to Resume Investing in LIHTC
Should the Enterprises ever be permitted to invest in LIHTCs, the investments in rural areas would be eligible to receive Duty to Serve credit.