Freddie Mac
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.
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.
Freddie Mac Creates Impact Gap Execution for Unsubsidized Affordable Properties
This will give nonprofit borrowers a needed edge to compete with market rate developers, helping save naturally affordable properties from common issues including deterioration, abandonment, and gentrification.
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.
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.
FHFA Increases Multifamily Lending Caps for GSEs
The increase comes in light of continued high levels of property acquisitions and deliveries of newly constructed apartment units…
For First Time, Freddie Mac Leads in Multifamily Lending
Freddie Mac became the nation’s leader in multifamily lending for the first time, with $47.3 billion in loan purchase and bond guarantee volume for its Multifamily business in 2015, up from $28.3 billion the previous year.
Under Proposed FHFA Rule, GSEs Earn Duty to Serve Credit through HUD Housing Programs
Tasked with ensuring Fannie Mae and Freddie Mac meet a requirement to serve underserved markets, the Federal Housing Finance Agency proposed a rule that will allow the GSEs to earn Duty to Serve credit activities related to several HUD housing programs. A public comment period on the proposed rule is open for 90 days.
Freddie Mac Offers Green Rebate for Multifamily Borrowers Who Provide Energy Star Score
Freddie Mac Multifamily is encouraging energy efficiency and affordability in apartment properties and strengthening the market for green investments by offering a Green Rebate to borrowers on qualified property loans who voluntarily provide an ENERGY STAR® score with their loan documents.