Federal National Mortgage Association (OTCMKTS: FNMA) Boosts Its Investment In The Development Of Low Income Housing

Women Medical specialists to host children’s cancer awareness in Vhembe district

Limpopo Health MEC Dr Phophi Ramathuba will lead women medical specialists during the children's cancer awareness campaign to be held at Tshilidzini Hospital in the Vhembe District under the theme: "Children our future". This is part of the Women's month celebration and the 2nd anniversary of the Rural Health Matters outreach program.

Operation Vala Zonke launched in Northern Cape

The Premier of the Northern Cape, Dr Zamani Saul, together with the MECs for Roads and Public Works, Ms Fufe Makatong, and Transport, Safety and Liasion, Ms Nomandla Bloem, joined by a team from SANRAL led by the Regional Manager, Mr Randal Cable, today launched the roll out of the provincial leg of Operation Vala Zonke. This is a national campaign aimed at repairing potholes.

Response to a Social Media post of a patient living with a disability waiting for a file

South Africa: Limpopo department of health has noted the story circulating on social media of a patient living with disabilities waiting for a file at Siloam Hospital.

Dominica continuously making new investments in education sector

Roseau, Dominica: The government of Dominica is making a new investment in the education sector without taking any break. The goal of the Caribbean country is to prepare youngsters for the future and utilize the new, modern technologies in order to advance the sector.

Federal National Mortgage Association (OTCMKTS: FNMA) seeks to improve its financial standing, which is why it remains open to making new investments in new areas. However, it also seeks to settle for the sort of investments that help enhance lives. Therefore, it has decided to increase its investment amount into the low-income housing tax credit (LIHTC) activities.

Supporting underserved markets
It hopes the move will lead to more affordable housing in most of the underserved markets. It needed approval from the Federal Housing Finance Agency (FHFA), and it can continue with its moves after the body gave the nod to the new arrangement. It increases the investment from the initial $500 million annual cap to about $850 million annually.

Analysts applaud the company’s move to boost its annual investment activities, outlining that it is a remarkable way to support the development of more affordable housing for the less privileged. However, they believe that there are still many markets that need support and encourage Fannie Mae to continue with its progressive activities.

Evans speaks out
Fannie Mae has managed to accomplish quite a lot since its return to the LIHTC market. For example, the $1.8 billion it injected into supporting the development and the creation of thousands of affordable units will help serve most community members in the United States. In addition, the increased cap makes it possible for Fannie Mae to continue upholding its dedication to offering the much-needed support to the establishment of quality affordable housing that the nation’s renters need.

The Executive Vice President and Head of Multifamily for Fannie Mae Michele Evans opines, “LIHTC investments are one of the most impactful tools we use to create and preserve affordable housing in underserved markets. Increasing the annual cap allows us to better address the affordable housing supply shortage for low- and very low-income families. Since our return to the LIHTC market in 2018, we have been able to better serve the multifamily market and play an integral role in addressing our nation’s affordable housing crisis.”

Women Medical specialists to host children’s cancer awareness in Vhembe district

Limpopo Health MEC Dr Phophi Ramathuba will lead women medical specialists during the children's cancer awareness campaign to be held at Tshilidzini Hospital in the Vhembe District under the theme: "Children our future". This is part of the Women's month celebration and the 2nd anniversary of the Rural Health Matters outreach program.

Operation Vala Zonke launched in Northern Cape

The Premier of the Northern Cape, Dr Zamani Saul, together with the MECs for Roads and Public Works, Ms Fufe Makatong, and Transport, Safety and Liasion, Ms Nomandla Bloem, joined by a team from SANRAL led by the Regional Manager, Mr Randal Cable, today launched the roll out of the provincial leg of Operation Vala Zonke. This is a national campaign aimed at repairing potholes.

Response to a Social Media post of a patient living with a disability waiting for a file

South Africa: Limpopo department of health has noted the story circulating on social media of a patient living with disabilities waiting for a file at Siloam Hospital.

Dominica continuously making new investments in education sector

Roseau, Dominica: The government of Dominica is making a new investment in the education sector without taking any break. The goal of the Caribbean country is to prepare youngsters for the future and utilize the new, modern technologies in order to advance the sector.

Official opening of Eastern Cape Arts Exhibition

South Africa: The Eastern Cape Arts Exhibition opened today at the Nelson Mandela Metropolitan Art Museum in St. George's Park.

Deputy Minister Nocawe Mafu congratulates Team SA on pocketing more medals at the 2022 Commonwealth Games

Birmingham (UK): Team South Africa added four more medals to their collection at the ongoing Commonwealth Games in Birmingham on Saturday.