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Freddie Mac headquarters

McLEAN, VA–Freddie Mac closed its first Low-Income Housing Tax Credit (LIHTC) Fund with Enterprise Community Investment and made its first equity investment within that fund. The closing marks Freddie’s re-entry to the LIHTC, sometimes called the Housing Credit market.

The $100 million fund will invest nationwide, focusing on underserved areas such as rural communities, 4% LIHTC financing, and developments that provide supportive services to their residents, such as health care and job training. Since 1982, Enterprise has invested $12.8 billion in LIHTC equity to finance more than 150,000 homes.

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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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