Freddie Mac Announces Financing Initiative to Preserve Rental Affordability

MCLEAN, Va., Aug. 07, 2018 (GLOBE NEWSWIRE) -- Freddie Mac (OTCQB: FMCC), the leading multifamily financier in the United States, today announced an innovative financing initiative that will incentivize multifamily property owners to keep rents at levels affordable to working families without any federal, state or municipal subsidy. Freddie Mac Multifamily's new Mezzanine Loan pilot provides favorable pricing and additional debt capital in exchange for multifamily property owners voluntarily keeping a majority of rents at levels affordable to low- and moderate-income families, while limiting......(read more)

Forward this article via email:  Send a copy of this story to someone you know that may want to read it.

from Around The Web https://ift.tt/2voJbW4
via IFTTT