Move will Support Thousands of Affordable Multifamily Housing Units in Nation’s Most Underserved Communities
MCLEAN, Va., Sept. 01, 2021 (GLOBE NEWSWIRE) — Freddie Mac (OTCQB: FMCC) will begin ramping up its Low-Income Housing Tax Credit (LIHTC) equity investments, which support affordable housing throughout the United States. The move comes in response to the Federal Housing Finance Agency’s (FHFA) announcement that it has increased the annual cap on Freddie Mac’s LIHTC Equity investments from $500 million to $850 million. Freddie Mac has provided approximately $500 million in LIHTC Equity investments each year since reentering the market in 2018.
“Freddie Mac has built a robust LIHTC Equity investment program, with more than 120 investments in 26 states and Puerto Rico and Guam since 2018,” said Debby Jenkins, executive vice president and head of multifamily for Freddie Mac. “This work has supported the preservation or creation of thousands of units of rental housing, meeting the needs of underserved communities throughout the country. FHFA’s announcement today will allow us to build on this work in the years to come and do so much more to meet the tremendous need for additional safe and affordable housing.” Read more
I think it is common belief that nurses are superheroes! In an effort to show appreciation, TGIFridays wanted to treat hospital staff to a meal on them. The night shifts often miss out on community donations due to their hours, so they seemed like the perfect recipients. TGI Fridays recognized this need and had food ready to be delivered to these deserving night warrior around 9:30pm on September 2nd. Way to go Fridays, it was a great idea!
