Slide 1: Agency Update: Hear the News from the Top
Agency Update | March 20, 2018 Agency Update: Hear the News from the Top Bob F. Simpson David D. Leopold Mark Dean Fannie Mae Freddie Mac Citi Community Capital Vice President, Affordable Mission Vice President, Affordable Sales and National Production Manager and Business Investments Managing Direc
Slide 2: Your Webinar Host
Citi Community Capital Your Webinar Host Mark Dean Citi Community Capital, Managing Director, National Production Manager Mark Dean is the National Production Manager for Citi Community Capital with over 28 years of experience providing investment banking and mortgage banking services to real estate
Slide 3: From Fannie Mae
Citi Community Capital From Fannie Mae Bob F. Simpson, Vice President, Affordable Mission Business Responsibilities: Bob manages Fannie Mae’s Multifamily Affordable Mission Business platform – which includes the company’s affordable debt, equity and green finance business lines. He is also responsib
Slide 4: From Freddie Mac
Citi Community Capital From Freddie Mac David D. Leopold, Vice President, Affordable Sales and Investments David Leopold is Freddie Mac Multifamily’s Vice President for Target Affordable Production and Investments. He is responsible for approximately $6.5 billion in annual debt production and $500MM
Slide 5: Welcome
Citi Community Capital Welcome • To ask a question – email AskCitiCommunityCapital@citi.com – Follow instructions from the Operator - Press *1 for the operator to open your line. This will enter you into the queue to ask a question • The recording will available within the next 24 hours at http://ww
Slide 6: Discussion Points
Citi Community Capital Discussion Points • Recap of 2017 multifamily and affordable multifamily results • 2018 opportunities • Affordable housing market product innovation • Fannie and Freddie’s role in Low Income Housing Tax Credits • Doing business with the Agencies
Slide 7: Targeted Affordable Housing Funded Volume
Targeted Affordable Housing Funded Volume Business 2016 2017 % $6,000.00 Platform ($millions) ($millions) Growth (2016- $5,000.00 17) $4,000.00 TAH Retail $2,593 $3,598 39% Millions $3,000.00 $2,000.00 TAH $1,298 $1,696 31% Structured $1,000.00 Total TAH $3,892 $5,294 36% $- 2016 2017 TAH Retail TAH
Slide 8: 2017 Product Diversification, TAH Retail
2017 Product Diversification, TAH Retail Number of Deals UPB Fixed Rate CME Fixed Rate CME Floating Rate Floating Rate CME CME Fixed Rate PE Fixed Rate PE Floating Rate PE Floating Rate PE Bridge Bridge © Freddie Mac 8
Slide 9: Tax-exempt Loan (TEL) Volume Growth
Tax-exempt Loan (TEL) Volume Growth Immediate Forward Total Year Funded Deal RL Deal Funded Deal RL Deal Deals UPB UPB Count UPB Count UPB Count UPB Count ($millions) ($millions) ($millions) ($millions) ($millions) 2014 $14 1 $0 0 $0 0 $0 0 1 $14 2015 $240 26 0 0 0 0 $172 10 36 $412 2016 $650 38 0 0
Slide 10: Fannie Mae 2017 Highlights
Fannie Mae 2017 Highlights • Record Production. Heavy Focus on Capital “A” Affordable • Breakthrough year for MBS Tax Exempt Bond (M.TEB) Structure • Improved Flexible Choice Bridge suite of products • LIHTC Forward Commitments • Published Duty to Serve plan • LIHTC Equity Approval Fannie Mae Multif
Slide 11: Fannie Mae 2018 Focus
Fannie Mae 2018 Focus • Invest and support the financing of new construction • LIHTC Equity • Forward Commitments (9% and 4%) • Preserve existing affordable units • Flexible Choice Bridge products • Declining Pre-Pay Options • M.TEB • RAD • Improve properties and strengthen communities • Healthy Hou
Slide 12: Thank you for your participation
Citi Community Capital Thank you for your participation • To ask a question – email AskCitiCommunityCapital@citi.com – Follow instructions from the Operator - Press *1 for the operator to open your line. This will enter you into the queue to ask a question • The recording will available within the n
Slide 13: IRS Circular 230 Disclosure
IRS Circular 230 Disclosure: Citigroup Inc. and its affiliates do not provide tax or legal advice. Any discussion of tax matters in these materials (i) is not intended or written to be used, and cannot be used or relied upon, by you for the purpose of avoiding any tax penalties and (ii) may have bee