FHFA Publishes 2022-2024 Underserved Markets Plans for Fannie, Freddie

Wednesday, April 27, 2022 - 1:15PM

The Federal Housing Finance Agency (FHFA) today published the 2022-2024 Underserved Markets Plans for Fannie Mae and Freddie Mac under the Duty to Serve program. The underserved markets plans address manufactured housing, rural housing and affordable housing preservation. The 2022-2024 plans include an increase in low-income housing tax credit (LIHTC) loans and equity investment in LIHTC properties–with an emphasis on rural areas. Both Fannie and Freddie saw an increase last fall in their annual investment cap for LIHTC equity from $500 million to $850 million per year. The Duty to Serve provisions are mandated by the Housing and Economic Recovery Act of 2008.

Financing options for LIHTC properties among the topics at the 2022 Novogradac Affordable Housing Conference this week in San Francisco.

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