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Freddie Mac Says LIHTC Investments Surpass $2B

Tuesday, July 2, 2002 - 7:00AM

Freddie Mac announced yesterday that its portfolio of low-income housing tax credit (LIHC) investments now exceeds $2 billion. This was accomplished through 153 separate limited partnerships covering 2,300 housing developments. Freddie Mac's LIHC investments have produced more than 170,000 new or refurbished units of affordable housing, of which 70 percent are family housing, 15 percent are senior housing and 15 percent are used for special needs supportive housing.

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