HousingFinance.com recently asked readers their thoughts on a potential sale of low-income housing tax credits (LIHTCs) by Fannie Mae or Freddie Mac.
More than half of the respondents—54.1%—said a sale would be a major hit on the industry by taking equity away from the primary LIHTC market. “This would significantly impact the creation of new affordable housing units and the preservation of existing affordable housing units,” noted one respondent.
However, 21.6% of respondents disagreed and said a sale would be good for the overall market, 13.5% said a sale would be in the best interest of the government-sponsored enterprises, and 10.8% said a sale would hurt the market somewhat.