Wednesday, July 8, 2009

Are Fannie Mae's and Freddie Mac's LIHTC Portfolios Up for Sale?

Affordable Housing Tax Credit Coalition sent letter HERE to House Financial Services expressing concern that such a plan may be in the works.
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  1. AnonymousJuly 8, 2009 at 10:35 AM

    Tom, the rumor at NCSHA was that half of Freddie's $4B credit portfolio was for sale, and that half of that ($1B) had found buyer(s). Supposedly, the provisions of the sale specified that the credits were not to be sold to active investors in the tax credit industry so as not to further depress already significantly depressed credit pricing. Freddie and Fannie have always been very sensitive about the impact that their activities have on the industry and one would hope that they're doing what they can to make the impact of a sale as minimal as possible. Again, this was the rumor that made the rounds, and if anyone else has heard otherwise, maybe they'll chime in.

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