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Article: Limits could leave multifamily, rental housing out in cold.(Real Estate)
- Article from:
- Pensions & Investments
- Article date:
- July 21, 2008
- Author:
CopyrightCOPYRIGHT 2008 Crain Communications, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Byline: Arleen Jacobius
Any rescue scenario that restricts Fannie Mae and Freddie Mac's lending abilities could have dire consequences for a little-noticed area in the current turmoil: multifamily and rental housing.
Investors worry that nationalization or added government oversight of the two quasi-governmental agencies could cause them to stop lending to multifamily and rental housing projects because there would be political pressure for them to support single-family homes.
Last week, Federal Reserve Chairman Ben S. Bernanke reportedly told Congress of a number of options facing the agencies, including nationalization, privatization and ...