Fannie Expands 'HouseWyoming' Plan

Fannie Mae has announced that it is expanding its "HouseWyoming" investment plan to provide up to $2 billion in affordable homeownership and rental opportunities in Wyoming over seven years in cooperation with the local private, public, and nonprofit sectors.The new investment plan, which targets more than 20,000 working families, is an extension of Fannie Mae's 1999 "American Dream Commitment for Wyoming" plan to invest $1 billion over seven years. Fannie said it surpassed that goal by investing $1.5 billion in affordable homeownership and rental housing to serve more than 12,000 Wyoming residents. "Our new $2 billion affordable housing plan will help create new homeownership opportunities for first-time homebuyers and increase the supply of housing where it's needed most," said Randy Dancliff, director of Fannie Mae's Wyoming Partnership Office. Fannie can be found online at http://www.fanniemae.com.