Freddie Mac to invest $500M in Low-Income Housing Tax Credit market
Freddie Mac today announced its re-entry into the Low-Income Housing Tax Credit market as part of the newly launched Duty To Serve program , an initiative geared toward addressing persistent affordable housing problems by preventing foreclosures, responsibly expanding credit, educating future borrowers, counseling current borrowers and supporting affordable rental housing. Freddie Mac's first investment is expected to close in January 2018, with a $ 500 million annual investment cap.