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July 16, 2019

Doing More for Underserved Markets

Securing a safe and affordable place to call home is essential, but it’s a steep challenge for millions of people – especially in the underserved markets highlighted through Duty to Serve (DTS). We deployed nearly $7.7 billion in loan purchase and guarantee volume to preserve affordable housing. 

Find out how in our Duty to Serve Year One report. Some highlights:

  • We launched our first Manufactured Housing Resident Owned Community Loan to provide funding for resident-owned manufactured housing co-op communities. This type of housing is critical for rural and non-metro areas in particular.
  • We conducted industry-leading research on affordable housing in high opportunity areas. 
  • We launched TAH Express to better finance and preserve smaller, affordable rental properties. 
  • We made $500 million in Low-Income Housing Tax Credit (LIHTC) equity investments, with nearly 40% supporting DTS rural communities.
  • We completed important research on the use of LIHTC in Middle Appalachia and Indian Areas.

Wintergreen Property

LIHTC investments – breaking ground for 40 new units in rural Colorado.

 

duty to serve

As the top funder of affordable housing in the U.S., we innovate to serve the needs of the market — and work to tackle the nation’s most persistent housing challenges. Through our Duty to Serve commitment with the Federal Housing Finance Agency, we focus on rural and manufactured housing and preserving more affordable housing for renters nationwide.

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