Freddie Mac Collaborates On Anacostia Community Land Trust

The GSE has announced it will start purchasing community land trust mortgages.

WASHINGTON, DC–Freddie Mac has announced it will start purchasing community land trust mortgages as part of its support for shared equity homeownership programs that preserve affordable housing.

It has already collaborated on several projects across the nation including one in Anacostia, according to a statement by Ginger Rumph, executive director, Douglass Community Land Trust / City First Homes. “Our collaboration with Freddie Mac to develop a product in support of a community land trust in the Historic Anacostia neighborhood, and Wards 7 and 8 in Washington, DC, will pave the way for a model that can be replicated in similar geographic areas across the country,” he said.

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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.

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