Fannie Mae invests $14 million for low-income housing tax credit

Fannie Mae | October 11, 2019

Fannie Mae announced Wednesday that it will invest $14 million for a Low-Income Housing Tax Credit as it facilitates the development of a 110-unit multifamily residence. Back in 2017, mortgage giants Fannie Mae and Freddie Mac announced they were re-entering the LIHTC market, the federal program which encourages investment of equity into affordable rental housing. Freddie Mac explained at the time that under the program, qualified properties are allocated federal tax credits and investors are able to invest in those properties to take advantage of those tax credits.

Spotlight

We are a vertically integrated organization dedicated to the development, design, construction, management, and long-term ownership of inclusive living communities throughout Costa Rica.

Our mission is to build resort-style living communities that value all its members and help them to meet their basic needs so that they can live with dignity, engage actively, and contribute to their community. We showcase a single token that connects an global ecosystem of real estate built around our own locations and our exclusive network of world class resort partners.

The construction of projects we undertake aims to outclass LEED (Leadership in Energy and Environmental Design) certification standards by integration of high yield organic food, renewable energy and circular waste to resource management at the neighborhood scale.

Dedicated to the protection and stewardship of our natural environment and it’s precious wildlife all of our locations will be built with sustainable design principles.

Spotlight

We are a vertically integrated organization dedicated to the development, design, construction, management, and long-term ownership of inclusive living communities throughout Costa Rica.

Our mission is to build resort-style living communities that value all its members and help them to meet their basic needs so that they can live with dignity, engage actively, and contribute to their community. We showcase a single token that connects an global ecosystem of real estate built around our own locations and our exclusive network of world class resort partners.

The construction of projects we undertake aims to outclass LEED (Leadership in Energy and Environmental Design) certification standards by integration of high yield organic food, renewable energy and circular waste to resource management at the neighborhood scale.

Dedicated to the protection and stewardship of our natural environment and it’s precious wildlife all of our locations will be built with sustainable design principles.

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