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

Botswana President, his wife attend Inauguration of Nigeria’s President-elect Tinubu

Botswana: Dr Mokgweetsi E.K. Masisi and First Lady Neo Jane Masisi have arrived in Abuja, Nigeria, to attend the Inauguration of President-elect, Federal Republic of Nigeria Asiwaju Bola Ahmed Tinubu.

South African forces hosted by DRC welcomes Chief of Joint Operations

South Africa: Republic of South African Contingent, which comprises 10 South African Infantry Battalion, Tactical Intelligence Unit, Air Medical Evacuation Team, Republic of South Africa Quick Reaction Force and Composite Helicopter Unit deployed in the eastern Democratic Republic of Congo, had the privilege of receiving the South African Chief of Joint Operations Division, Lieutenant General S.L. Sangweni and his team.

Curve balls: a poetry by Kevin Isaac

Every now and then, when you least expect it;life throws up the most unlikely and surprising of surprises.

SA Army Reserve aims for Musketry Excellence in International Shooting Competition

South Africa: The Army Reserve shootists look forward to nothing more than to vie for bragging rights when it comes to attaining high standards of musketry. 

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.”

Botswana President, his wife attend Inauguration of Nigeria’s President-elect Tinubu

Botswana: Dr Mokgweetsi E.K. Masisi and First Lady Neo Jane Masisi have arrived in Abuja, Nigeria, to attend the Inauguration of President-elect, Federal Republic of Nigeria Asiwaju Bola Ahmed Tinubu.

South African forces hosted by DRC welcomes Chief of Joint Operations

South Africa: Republic of South African Contingent, which comprises 10 South African Infantry Battalion, Tactical Intelligence Unit, Air Medical Evacuation Team, Republic of South Africa Quick Reaction Force and Composite Helicopter Unit deployed in the eastern Democratic Republic of Congo, had the privilege of receiving the South African Chief of Joint Operations Division, Lieutenant General S.L. Sangweni and his team.

Curve balls: a poetry by Kevin Isaac

Every now and then, when you least expect it;life throws up the most unlikely and surprising of surprises.

SA Army Reserve aims for Musketry Excellence in International Shooting Competition

South Africa: The Army Reserve shootists look forward to nothing more than to vie for bragging rights when it comes to attaining high standards of musketry. 

Savanne Lions Club donates a fully-automated immuno-analyser to Victoria hospital

Mauritius: A fully-automated immuno-analyser, donated by the Lions Club of Savanne to the Ministry of Health and Wellness, will be put into use at the Victoria Hospital. The donation ceremony was held this morning, in the presence of the Minister of Health and Wellness, Dr Kailesh Kumar Singh Jagutpal, at the Victoria Hospital in Candos.

Trade Minister Mmusi Kgafela urges private sector to consider challenges

Botswana: The Minister of Trade and Industry, Mmusi Kgafela, has urged the private sector to consider challenges hindering industrialization as well as consider possible opportunities that can assist the government in seeing industrial growth in the economy.