Fannie Mae Community Business Center

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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
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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 Maes 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
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ADC Goals Span Across Company
SF
SF
HCD
ADC CBCs
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Identified Targeted CommunitiesTo Date
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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.

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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

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El Presidio

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

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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

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Community Business Centers (CBCs)
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55 CBCs Across the Country
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CBC Key Objectives

• Focus Fannie Maes 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

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Fannie Mae Partners
Public Entities
Fund Advisors/ Syndicators
Lenders

• Loans
• PHA Modernization Express
• Community Express
• TIFs
• Predevelopment
• Bonds
• Single Family MRBs
• Multifamily Housing Bonds

• ADC Participations
• CDFI Deposits
• Letters of Credit
• Lines of Credit
• Entity Level Credit Facilities
• MFlex

• LIHTC
• Historic Tax Credits
• New Markets Tax Credits
• Mezzanine Debt Investments
• Market-rate Equity

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In Conclusion

• Questions
• Contacts
• Sandra Almanzan, Director [phone]
• Jaime Ortiz, Senior Deputy Director (956)
  928-0181
• Border Region Community Business Center

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THANK YOU