Helping those who lost their homes come home again
Fannie Mae's LIHTC equity investment in Olive Ranch, an 81-unit apartment development in Oroville, CA, is helping residents who lost their homes to the Butte County, CA, 2018 wildfires return to their community and rebuild their lives.
Housing and supportive services for at-risk youth experiencing homelessness
The 58-unit Arlington Apartments property in Tacoma, WA provides quality housing, counseling, and other services.
Providing urban affordable housing for Native Americans
The 110-unit Mino-Bimaadiziwin property in Minneapolis, MN delivers affordable housing for members of the Red Lake Band of the Chippewa Indians.
Offering housing solutions to women in need
The Grace Garden property in Fargo, ND provides supportive services and a stable community to survivors of domestic violence and to formerly unhoused mothers and children.
Over $4.7 Billion Net Equity Invested. Countless Lives Changed.
Fannie Mae’s Low-Income Housing Tax Credit (LIHTC) equity investments have helped thousands of individuals access quality, affordable housing.
These investments provide a reliable source of capital to support the creation and preservation of affordable rental housing. Since re-entering the market in 2018, we have invested in hundreds of properties, working closely with syndicator partners, developers, and housing experts. More than just a secure investment, these rental units help overcome barriers to affordability while enhancing the lives of residents that call them home.
This icon represents Duty to Serve-eligible loan products, services, and markets. Learn more about Duty to Serve.
“Housing is inextricably linked to the broader community, and our LIHTC investments ensure there is financing for properties that offer services, help homeless households, and bolster affordable housing in high-needs rural areas.”
Dana Brown
VP, Multifamily Customer Engagement
Fannie Mae
LIHTC Animated Video Series
View the video series, which showcases our LIHTC equity investments and its positive impact on residents, affordable housing, and communities across the country.
Watch videosCreating and preserving affordable housing throughout the U.S.
Fannie Mae’s investments provide liquidity and stability.
LIHTC is a proven and effective solution to closing the affordability gap in areas of need. We have a national footprint and have made investments in 49 states and Guam, Puerto Rico, the U.S. Virgin Islands, and Washington, D.C. No matter where these properties are, LIHTC investments create affordable rental supply, and many offer supportive services that can directly benefit the renters. This has a large-scale, positive impact on communities we support, including:
- Rural and other housing markets nationwide
- Populations with unmet needs, including Native American and farmworker communities
- Housing designated for seniors
- Residents who have experienced homelessness
- Disaster-impacted areas
The power of strong partnerships means that thousands more individuals in need can continue to access high-quality, affordable housing.
See how Fannie Mae's LIHTC equity investments focus on communities in need.
Olive Ranch in Oroville, CA delivers quality affordable housing to a community impacted by wildfire destruction. The property provides residents who were displaced with on-site social services and a place to call home. This is a story of how Fannie Mae’s LIHTC investment helped provide a community with a new start after the devastating wildfires in 2018.
September 1, 2021
Fannie Mae Increases Commitment to Low-Income Housing Tax Credit Market
About LIHTC
The federal government’s LIHTC program is a solution to creating and preserving the supply of affordable rental housing for low- and very low-income households. It encourages and channels private equity investment by awarding tax credits to affordable housing developers, who then exchange those tax credits with corporate investors in return for capital contributions for affordable multifamily rental housing.
By channeling private capital investment, the LIHTC program supports the creation or preservation of almost all subsidized housing in the U.S. Approximately 90,000 apartment units are built each year using LIHTC, enabling thousands of Americans to find affordable rental housing.
LIHTC investments serve areas that are in need, with many properties focused on serving residents who face disproportionate barriers to affordability. Fannie Mae’s LIHTC properties secure housing, and that improves the well-being of residents and the entire community.