Washington, DCFannieMaeEnterprise CommunityPartners
The deal between Fannie Mae and the Citigroup Inc.subsidiary sparked debate about the emergence of a secondary marketfor LIHTCs. There is little mystery why one hasn't developed beforenow since, at 20 years or so, the industry is still quite young.Citibank, for one, though, would like to see such a developmentoccur sooner rather than later.
"One of the great things about this transaction is that itdemonstrated the liquidity in the LIHTC market," says Andy Ditton,managing director of Citibank Community Development, a businessunit of Citigroup. "That has never really been demonstrated before.Until now, there have largely been one-off secondary market saleson an idiosyncratic basis."
Continue Reading for Free
Register and gain access to:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
*May exclude premium content
Already have an account?
Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
Erika Morphy
Erika Morphy has been writing about commercial real estate at GlobeSt.com for more than ten years, covering the capital markets, the Mid-Atlantic region and national topics. She's a nerd so favorite examples of the former include accounting standards, Basel III and what Congress is brewing.
