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To keep affordable rental housing a viable option for low-income families, Freddie Mac has announced a new initiative to increase co-effective financing for tax-exempt multifamily properties. The initiative, which is being labeled as the “Direct Purchase of Tax-Exempt Loans,” will involve Freddie Mac Multifamily purchasing its Targeted Affordable Housing (TAH) lender network multifamily tax-exempt loans, and aggregating and securitizing them into a new series called M-Deals.
