05/05/2022 | Press release | Distributed by Public on 05/05/2022 11:09
New Report Shows Success of Green, Social and Sustainability Bonds
MCLEAN, Va., May 05, 2022 (GLOBE NEWSWIRE) -- Freddie Mac (OTCQB: FMCC) Multifamily released its annual Impact Bonds Report detailing the company's successful efforts to issue more than $10 billion in Green, Social and Sustainability Bonds since 2019. The Impact Bonds offerings were created to provide investors an opportunity to support multifamily properties that address persistent housing challenges, particularly environmental and social issues.
"Freddie Mac doubled our total Impact Bond issuance in 2021 underscoring our efforts to support rental housing that is green, affordable and meets the diverse needs of communities throughout the country," said Robert Koontz, the head of Capital Markets for Freddie Mac Multifamily. "These innovative offerings enhance our mission and provide investors with a unique opportunity to help establish and maintain sustainable communities across the country by providing safe, efficient and affordable workforce housing."
The report provides highlights from the three bond programs that fall under Freddie Mac Multifamily's impact umbrella:
The full text of the report is available on Freddie Mac's website.
Freddie Mac Multifamily is the nation's multifamily housing finance leader. Historically, more than 90% of the eligible rental units we fund are affordable to families with low-to-moderate incomes earning up to 120% of area median income. Freddie Mac securitizes about 90% of the multifamily loans it purchases, thus transferring the majority of the expected credit risk from taxpayers to private investors.
Freddie Mac makes home possible for millions of families and individuals by providing mortgage capital to lenders. Since our creation by Congress in 1970, we've made housing more accessible and affordable for homebuyers and renters in communities nationwide. We are building a better housing finance system for homebuyers, renters, lenders and taxpayers. Learn more at FreddieMac.com, Twitter @FreddieMac and Freddie Mac's blog FreddieMac.com/blog.
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