McLean, VA – June 23, 2010 – (RealEstateRama) — Freddie Mac (NYSE: FRE) announces credit enhancements of more than $31 million in bonds issued by two housing finance agencies (HFAs) using the Obama Administration’s New Issue Bond Program (NIBP) that support the development or renovation of affordable multifamily properties. Working with Freddie Mac, Prudential Mortgage Capital Company originated the only multifamily mortgages to date under NIBP for a property in Newnan, Georgia, and three properties in Washington, D.C., thus keeping 332 apartments affordable to low-income tenants.
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