FHFA Announces Doubling of Low Income Housing Tax Credit Cap for GSEs

FHFA recently announced that Fannie Mae and Freddie Mac (together, the GSEs) now will be able to invest up to $2 billion each per year in Low Income Housing Tax Credit (LIHTC) properties.  FHA noted that half of these affordable housing tax credits will be reserved for difficult to serve LIHTC markets, and at least 20% of that half will be for Duty to Serve Rural Communities.