FHFA STATEMENT ON GSEs' LIHTC PORTFOLIOS

Friday, September 12, 2008 - 7:30AM

The Federal Housing Finance Agency (FHFA) today released a statement of support for the multifamily housing finance activities of government sponsored entities (GSEs) Fannie Mae and Freddie Mac while they are in conservatorship. FHFA says it recognizes the importance of all aspects of the GSEs’ multifamily businesses—including the low-income housing tax credit (LIHTC) area and liquidity facilities for remarketed mortgage revenue bonds—for a healthy secondary market and housing affordability. In its statement FHFA says it does not expect either company to liquidate its portfolio of LIHTC or mortgage-revenue bonds.

Learn more about Novogradac's expertise and many services