Help Where it's Needed
Rural areas are home to about one-quarter of the nation’s population, but suffer disproportionately from substandard infrastructure, lack of affordable housing options, and higher-than-average poverty rates.
We’re working to expand affordable housing options for more households across the rural landscape.
We exceeded all LIHTC equity investment targets in 2018 to finance 17 rural rental properties with 796 units affordable at 60% AMI.
We purchased more than $1.5 billion in single-family loans – the majority in high-needs rural areas.
Today’s manufactured homes are comparable in quality to site-built homes and cost up to 50 percent less per square foot, providing a meaningful affordable housing alternative for many families.
We’re developing innovative approaches to better support manufactured housing options.
In 2018, we purchased $372 million in single-family manufactured home loans, which includes a 10% increase in purchase money mortgages over 2017.
We conducted in-depth research on tenant protections in manufactured housing communities to better inform our ongoing efforts.
Keeping it Together
Preserving the nation’s existing affordable housing stock is critical for keeping safe, decent homes within reach for moderate- and low-income families.
We’re focusing on preserving affordable housing to foster strong, stable communities.
In 2018, our new TAH Express offering provided $50 million in funding for 12 smaller properties to more cost-effectively support over 1,100 affordable rental units.
We introduced GreenCHOICE Mortgages℠ to make it easier to finance energy-efficiency improvements when buying or refinancing a home.
We’re engaging with the industry, community organizations, all levels of government, and other dedicated organizations to take action. #DutyToServe