| Project | FNMA DUS LIHTC Affordable Housing Loan |
| Location | Louisville Kentucky |
| Property Type | Affordable housing |
| Loan Type | FNMA DUS LIHTC Affordable Housing Loan Louisville Kentucky |
| Loan Program | FNMA DUS LIHTC Affordable Housing |
| Loan Amount | $3,270,000 |
| Description | Apartment Financing America provided a FNMA DUS LIHTC affordable housing loan to finance the Phoenix Place Apartments in Louisville Kentucky. The FNMA DUS LIHTC affordable housing loan of $3,270,000 was funded with low income housing tax credits or LIHTC. |
FNMA DUS LIHTC affordable housing Loan
More Info About Fannie Mae Apartment Loans
Fannie Mae multifamily loans provide liquidity, stability and affordability for apartment financing by serving the secondary mortgage market as a reliable source of multifamily mortgage capital. Some 85% of the apartments financed with Fannie Mae apartment loans are affordable to families earning at or below 100% of the area’s median income level. The vast majority of Fannie Mae multifamily loans are for workforce housing.
Fannie Mae provides financing to a wide spectrum of the multifamily housing market. Fannie Mae multifamily financing is available for market rate apartments, rent-restricted affordable housing, housing cooperatives, seniors housing projects, student housing and manufactured housing communities. Fannie Mae apartment loans are available for loans greater than $1 million ($750,000 for Fannie Mae Small Multifamily Loans) up to $1 billion structured transaction facility.
A network of Delegated Underwriting & Servicing (DUS) lenders originate Fannie Mae apartment loans using a shared risk model. The majority of Fannie Mae DUS multifamily loans are supported with private capital and 98% of the liquidity Fannie Mae delivers to the multifamily market is supported by private capital through the purchase of Fannie Mae mortgage backed securities by private investors.
View details about all of the Fannie Mae Loan Programs we offer.