The article reports on the support by the Federal Home Loan Banks (FHLB) for legislation in 2008 which will enable it to provide letters of credit for tax-exempt bonds, as Freddie Mac and Fannie Mae can already do. It was noted that the FHLB network will be immediately able to provide ...
To finance a nearly $38 million renovation project at Jazz Hill Apartments, Freddie Mac facilitated a Forward Tax-Exempt Loan for 12th Street Heritage Development Corporation and Flaherty & Collins Properties. Once completed, the property will become a 181-unit affordable housing community with a mix...
And I’ve expressed scathing disdain for thehorrid practiceof civil asset forfeiture. There are also really destructive features of the tax system, such asFATCAand thedeath tax. But you could make a strong case for Fannie Mae and Freddie Mac as well. ...
ItsTargeted Affordable Housing Platformprovides financing for the preservation and rehabilitation of multifamily properties with regulatory rent or income restrictions. These include properties with Section 8 vouchers, tax-exempt loans, those receivingLow-Income Housing Tax Credits, and many others. Freddie...
(Freddie Mac) had approved Irvine, California-based Sierra Capital Partners as a member of Program Plus, its network of multifamily mortgage loan sellers and services. It is expected that Sierra's expertise in tax-exempt bond financing in addition to conventional apartment-building mortgages will ...