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Freddie Mac Announces New Financing to Benefit Underserved. – Both the CHOICEHome and GreenCHOICE Mortgages initiatives are part of Freddie Mac’s Duty to Serve plan mandated by the U.S Congress, which focuses on supporting underserved markets by financing more rural and manufactured housing and preserving more affordable housing for homebuyers and renters nationwide.
Multifamily Market Growing Faster than Expected – These innovations and others have helped Freddie Mac continue meeting its mission of providing affordability, stability and.
Greater Boston Affordable Homes- B'nai B'rith Housing – Fannie Mae, Freddie Mac’s Duty to Serve Plans Seek to Address Affordable Housing Crisis in Traditionally Underserved Areas info from B’nai B’rith Housing, regional nonprofit senior, transit-oriented & workforce housing developer in Brighton, Sudbury, Newton, Swampscott.
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Home Possible Income and Property Eligibility – Freddie Mac – The borrower’s income must not exceed 100 percent of the area median income (AMI), except if the property is located within a low-income census tract. There will continue to be no income limit for properties located in low-income census tracts, where the median income is at or below 80 percent AMI.
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