Fannie Mae announced that it will provide a $14 million Low-Income Housing Tax Credit (LIHTC) equity investment to facilitate the development of Mino-bimaadiziwin Apartments, a 110-unit multifamily residence in Minneapolis.
Fannie Mae announced that it has completed a multi-tranche Multifamily Credit Insurance Risk Transfer (MCIRT™) transaction covering a pool of approximately $10.7 billion of existing multifamily loans in the company's portfolio.
Fannie Mae (FNMA/OTCQB) today announced the selection of five innovative ideas to receive contract awards under the Sustainable Communities Innovation Challenge: Healthy Affordable Housing. The Challenge is an open competition seeking innovative ideas that aim to bring affordability and stability to underserved areas and help ensure residents have access to healthy, quality affordable, safe places to call home.
In a recent poll, 46% of American adults said they would prefer to live in a community with access to better schools and/or childcare, but cannot afford to do so; while 58% say communities with better job opportunities are too expensive for them to live in.
Fannie Mae® (FNMA/OTCQB) is proud to announce that it received the 2019 ENERGY STAR® Partner of the Year – Sustained Excellence Award from the U.S. Environmental Protection Agency (EPA). An ENERGY STAR partner since 2011, Fannie Mae Multifamily received the ENERGY STAR Award for its outstanding contributions to increasing the adoption of energy-efficiency improvements in multifamily housing.
Fannie Mae (FNMA/OTCQB), the largest provider of liquidity to the U.S. housing market, today announced that it has appointed Hugh R. Frater as Chief Executive Officer effective March 26. As CEO, Frater will set the overall enterprise vision and strategic direction of the company. In addition to his role as CEO, Frater remains on the Board of Directors. Frater previously served as Interim CEO.
Fannie Mae (FNMA/OTCQB) announced that it has completed a multi-tranche Credit Insurance Risk Transfer™ (CIRT™ ) transaction covering a pool of approximately $11.7 billion of existing multifamily loans in the company's portfolio. This new transaction, MCIRT 2019-01, is the fifth CIRT transaction as part of Fannie Mae's ongoing effort to increase the role of private capital in the multifamily mortgage market and mitigate risk for U.S. taxpayers.