NAHMA LIHTC Update: Fannie Mae announces $100 million LIHTC fund for disaster areas, rural markets, and Native American housing
This month, Fannie Mae announced that it has closed on a $100 million low-income housing tax credit (LIHTC) fund as part of an ongoing effort to provide a reliable source of capital for affordable housing and underserved markets.
The fund will focus on funding for rehabilitation and construction in Hurricane Harvey impacted markets, as well as rural markets and Native American housing. The fund, which is expected to make its first investment in the first quarter of 2018, will also work to incorporate resiliency features into properties that are situated in markets subject to flood and storm activity.
The announcement follows the Federal Housing Finance Agency's (FHFA) recent approval of Fannie Mae's reentry into the LIHTC market as an equity investor. For more information about Fannie Mae's LIHTC program, click here.
Juliana Bilowich, Government Affairs Coordinator
National Affordable Housing Management Association
400 N. Columbus St., Suite 203, Alexandria, VA 22314
Phone 703-683-8630, ext.116 Email email@example.com, Website www.nahma.org
NAHMA is the leading voice for affordable housing management, advocating on behalf of multifamily property managers and owners whose mission is to provide quality affordable housing.