The impact gap execution is meant to preserve affordable housing that is at risk of being acquired by a developer for renovation into market-rate housing.
“At a time when other countries are doing everything they can to catch up with us, our highly developed partnership tax rules have helped us stay the forefront of start-up and entrepreneurial activity.”
Differences in the two programs aside, borrowers stand to gain, no matter if they choose Freddie or Fannie, with cutbacks on debt service and utility savings and gains for the environment.
CBRE Global Investors' latest US-focused value-added fund has already invested or committed more than half of its total expected purchasing power of $3.3 billion.