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Freddie Mac Completes Its First Social Bond Deal Backed by Municipal Debt

Debt of $359 Million Sold to Investors Backs 27 Rental Properties for Low-Income Tenants
The Abigail apartments in Portland, Oregon, reserves a majority of its 154 units for tenants who meet extremely low- and very low-income criteria. (CoStar)
The Abigail apartments in Portland, Oregon, reserves a majority of its 154 units for tenants who meet extremely low- and very low-income criteria. (CoStar)
CoStar News
December 9, 2020 | 9:38 P.M.

Freddie Mac Multifamily closed its first social bond deal backed by municipal debt, providing a new tool to bring liquidity, stability and affordability to the nation’s rental housing finance market.

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