Freddie Touts AH Investments

Freddie Mac has announced that it invested nearly $2 billion last year in Low Income Housing Tax Credits and mortgage revenue bonds.New LIHTCs absorbed $958 million of the investment, while $982 million went to MRBs, the government-sponsored enterprise reported. "It was a very competitive year for tax-advantaged investments, particularly fixed-rate revenue bonds," said Paul Peterson, executive vice president and chief operating officer of the GSE. "Nevertheless, Freddie Mac continued to be among the leaders in providing capital to these very important sectors that are responsible for financing the majority of new affordable housing."