March 2005
Mortgage Banking;Mar2005, Vol. 65 Issue 6, p131
The article reports that Freddie Mac closed $23.8 billion in new multifamily business transactions in 2004--a record for the company. The volume includes approximately $2 billion in targeted affordable-housing products, which finance apartments that receive some form of government subsidy, up from $776 million in 2003. All together, Freddie Mac's multifamily transactions financed approximately 450,000 apartment homes affordable to low- or moderate-income families, according to the company. In addition, Freddie Mac reported it set a record $1.3 billion in low-income housing tax-credit investments.


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