MBA Statement on FHFA Announcement on GSE Financing Enhancements

MBA’s President and CEO Bob Broeksmit, CMB, released the following statement on the Federal Housing Finance Agency’s (FHFA) announcement of an increase in the cap of allowable Fannie Mae and Freddie Mac (the GSEs) investments in Low-Income Housing Tax Credits (LIHTC):

“MBA commends President Donald Trump and FHFA Director Bill Pulte for their commitment to address our nation’s ongoing housing affordability challenges and boosting construction of affordable rental housing.

“The LIHTC program is the federal government’s most successful tool to support the construction and rehabilitation of housing for low- and moderate-income households. FHFA’s doubling of the GSEs’ cap on LIHTC investment to $2 billion comes on the heels of program improvements included in H.R. 1 (now Public Law 119-21), both of which will help to increase rental housing supply.

“We look forward to continuing to work with Director Pulte and his staff, the GSEs, Congress, and other federal agencies on efforts and initiatives that improve housing supply and affordability for all Americans.”