Fannie Mae Facilitates Nearly $26B in '05 Funding

WASHINGTON, DC-Fannie Mae, the country’s largest private-sector provider of affordable-housing financing, has opened its record books, revealing rental housing funding to the tune of $25.6 billion during 2005. The activity, which marked the second highest annual level of such financing in the mortgage provider’s history, was facilitated through Fannie Mae’s lender and housing partners and consisted of debt financing and Low Income Housing Tax Credits.

According to a statement, Fannie Mae participated in the investment of $21.2 billion in multifamily housing in 2004. The record year was 2003, during which time Fannie Mae and partners were involved in $36 billion in rental housing investments.