|
|
Article: HOUSING CASH ON THE WAY FANNIE MAE'S FIVE-YEAR PLAN HAS $15 BILLION COMMITMENT TO PROVIDE AFFORDABLE HOMES.(Business)
- Article from:
- Rocky Mountain News (Denver, CO)
- Article date:
- August 25, 1998
- Author:
CopyrightCOPYRIGHT 1998 Rocky Mountain News. All rights reserved. Reproduced with the permission of Dialog LLC by Gale Group. 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)
|
Byline: John Rebchook Rocky Mountain News Real Estate Editor
Fannie Mae on Monday said it has committed $15 billion over the next five years to provide affordable housing to more than 135,000 low-, moderate- and middle-income families in Colorado.
The five-year investment plan is the most ever committed to one state, said Barry Zigas, Fannie Mae's executive director and senior vice president of Fannie Mae's National Housing Impact program.
Fannie Mae, formerly known as the Federal National Mortgage Association, is the nation's largest source of mortgage funds. The publicly traded company, created with a federal charter, buys and holds mortgages ...