Fannie Mae has reported financing over $69 billion in debt to support affordable housing and the multifamily market in 2022.
The government-sponsored enterprise said it was able to commit all of its $1.7 billion caps for 2021 and 2022 to Low-Income Housing Tax Credit (LIHTC) equity investments, which helped create or preserve more than 35,000 affordable units.
“In the past five years since we re-entered the market, we have provided over $3 billion in equity investments in properties throughout the country, including underserved markets, populations with unmet needs, such as Native American and farmworker communities, supportive housing development, and disaster-impacted areas,” the company said in a statement.
