Walker & Dunlop as of the end of the third quarter of the year had provided more than $81 million in financing for affordable housing communities across the country.
And the company expects to lend out even more money for affordable projects before the year ends. Walker & Dunlop, for instance, recently provided $19.7 million under Freddie Mac’s Capital Markets Executive Program to CAPREIT Inc. for two multi-family affordable properties in Newport News, Va., Arboretum Place and Silver Hill at the Arboretum.
Affordable units at both properties must be rented to households earning 60 percent or less of the area median income.
