Fannie Mae (FNMA/OTC) announced today it has committed to invest up to $145 million in three low-income housing tax credit (LIHTC) funds as part of its ongoing commitment to provide a reliable source of capital for affordable rental housing in underserved markets.
This Call for Ideas is part of The Innovation Challenge, a key component of Fannie Mae's Sustainable Communities Initiative challenging public, private, and nonprofit sector organizations to reimagine affordable housing as the prescription for a healthy life.
Fannie Mae announced that it has completed an additional risk transfer deal – its first Credit Insurance Risk Transfer™ (CIRT™) transaction of 2018 covering existing multifamily loans in the company's portfolio.
The European Investment Bank was crowned the Overall Best SRI/Green Bond Issuer, with BNG Bank taking Best Social or Sustainability Bond Issuer. Bank of America and Mexico City Airport Trust also won Deals of the Year.
Fannie Mae (FNMA/OTC) announced today that it will provide a $26 million LIHTC equity investment to facilitate the construction of Far Rockaway Village, a 457 unit residential development in the downtown Far Rockaway area of Queens, New York.