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Freddie Mac Multifamily announced that it will go to market with the issuance of $230 million in social bonds supporting 1,267 rental homes across 39 states and the District of Columbia for individuals with intellectual and developmental disabilities.

The proceeds from these social bonds help fund community-based homes critical to the “deinstitutionalization” of care for individuals with disabilities, according to the GSE. The properties provide 4,462 beds, approximately 90% being affordable to people making 50% of the area median income. 

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