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BankRate News

Fannie Mae plans $145 million investment in LIHTC funds

After re-entering the Low Income Housing Tax Credit market just over a year ago, Fannie Mae is continuing its focus on affordable rental housing in underserved markets by committing $145 million in new investments in LIHTC funds. Here's a breakdown on where the money is going.
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New York developer admits to bilking investors in long-running luxury real estate Ponzi scheme

A New York real estate developer admitted in court last week that he ran a luxury real estate Ponzi scheme that defrauded investors out of $58 million over several years. According to court documents, Michael D’Alessio took much of the money for his own benefit, using it to pay off debts and prior investors, and to fund significant gambling and other personal expenses.

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Greg Knapp   |   972-333-4466   |   greg@artisticrealestate.com
Artistic Real Estate Group   |   1300 Winding Hollow Lane   |   Plano, TX 75093
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