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Freddie Mac Non-lihtc Forward Loans Target Workforce Housing | National Real Estate Investor

by nreionline.com posted 1week ago 17 views
Non-LIHTC Forward loans allow developers to secure favorable terms for projects featuring affordable and workforce housing. : Real Estate Equities, a St. Paul, Minn.-based firm, broke ground last week on a new affordable housing complex in Rochester, Minn. Technology Park Apartments marks one of the first new development projects to be funded with a new loan product offered by Freddie Mac that provides a forward commitment to projects that do not use low income housing tax credits (LIHTCs). The product, named the non-LIHTC Forward, is creating quite a buzz among the broader workforce/affordable housing sector.

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