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Fannie Mae Community Business Center

Fannie Mae Community Business Center Presented to: Momentum Texas II: The Best of Texas Attendees Community Development Investment Resources Panel Presented by: Sandra Almanzan April 6, 2006 HCD Organization

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Fannie Mae Community Business Center

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  1. Fannie MaeCommunity Business Center Presented to: Momentum Texas II: The Best of Texas Attendees Community Development Investment Resources Panel Presented by: Sandra Almanzan April 6, 2006

  2. HCD Organization Provide Debt Financing for Acquisition, Development, Construction and Rehabilitation of Housing Provide Equity Financing for Acquisition Development, Construction and Rehabilitation of Housing Leverage Fannie Mae’s Products & Services to Increase Homeownership and Revitalize Communities through local presence Provide Permanent Debt Financing for Market Rate and Affordable Multifamily Rental Developments Focus on developing new products and creating operational platform for business units

  3. ADC Goals Span Across Company SF SF HCD ADC & CBCs

  4. Identified Targeted CommunitiesTo Date

  5. Rural Border Region : • Increase our work with all the partners that develop affordable housing in the three States that border Mexico: Arizona, New Mexico and Texas • We will achieve this by partnering with: Lenders, Public Entities and Developers to Expand Affordable Housing Opportunities in these markets. What is Our Approach to the Border Region : • Identify and train the market lenders, Public Entities, and Developers in the area as to what we have to offer: • Investments must be “housing related”.

  6. El Presidio, San Elizario, TX • San Elizario, TX • Colonia • Partners: - JKS Homes - Alianza Para El Desarollo Communitario - First National Bank of Fabens - USDA - Fannie Mae

  7. El Presidio • 1st Traditional Sub Division Development in San Elizario • 72 Unit Homes • Sales from $72,000 to $115,000 • Increased Tax Base

  8. El Presidio • Our Role: • $75,000 Redevelopment Loan to Builder to meet FNB equity position guidelines. • Has led today to more than 200 new units in San Elizario to date

  9. Community Business Centers (CBCs)

  10. 55 CBCs Across the Country

  11. CBC Key Objectives • Focus Fannie Mae’s resources to impact targeted “Priority Communities,” and transform Urban, Rural and Native American communities • Support Fannie Mae Business Units in executing customer and investment strategies to increase homeownership or supply of housing

  12. Fannie Mae Partners Public Entities Fund Advisors/ Syndicators Lenders • Loans: • PHA Modernization Express • Community Express: • TIFs • Predevelopment • Bonds: • Single Family MRBs • Multifamily Housing Bonds • LIHTC • Historic Tax Credits • New Markets Tax Credits • Mezzanine Debt Investments • Market-rate Equity • AD&C Participations • CDFI Deposits • Letters of Credit • Lines of Credit • Entity Level Credit Facilities • MFlex

  13. In Conclusion: • Questions • Contacts: Sandra Almanzan, Director – (915) 351-0184 Jaime Ortiz, Senior Deputy Director – (956) 928-0181 • Border Region Community Business Center

  14. THANK YOU

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