FHFA PROPOSES INCREASING LIHTC LENDING GOALS

Monday, June 11, 2012 - 7:00AM

The Federal Housing Finance Agency (FHFA) today released for comment proposed changes to its existing housing goals and housing goals for 2012, 2013 and 2014. The proposed rule says the low-income housing tax credit (LIHTC) market has recovered and the Office of Management and Budget has forecasted an increase in LIHTC equity investments. As such, FHFA says that as LIHTC investments return to pre-2008 volumes, opportunities for the Fannie Mae and Freddie Mac to finance LIHTC properties will increase and, therefore, goals-eligible units should increase.

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