Earlier today, the Federal Housing Finance Agency released the below-attached statement expressing support for the multifamily housing finance activities of the Government Sponsored Enterprises Fannie Mae and Freddie Mac while in conservatorship.
In the statement, FHFA stated it “recognizes the importance of all aspects of the Enterprises’ multifamily business – including the Low Income Housing Tax Credit area and liquidity facilities for remarketed mortgage revenue bonds – for a healthy secondary market and housing affordability.” The statement went further explaining “We also do not expect either company to liquidate its portfolio of LIHTC(s) or mortgage revenue bonds.”
If you require additional information or have questions concerning this issue please contact Coalition legislative counsel Jim Miller (202-282-5724 or jfmiller@winston.com), Coalition legal counsel Richard S. Goldstein (202-585-8730 or rgoldstein@nixonpeabody.com), or Coalition executive director Victoria Spielman (202-282-5349 or victoria.spielman@taxcreditcoalition.org).