Citing a loss too great for taxpayers, the US Treasury Department blocked Fannie Mae’s nearly $3 billion sale of unused low-income housing tax credits to Goldman Sachs Group and Berksire Hathaway.
DHW asks: Do you agree with the Treasury’s decision?
Posts Tagged ‘low-income housing tax credits’
Treasury Dept says ‘no deal’ for Fannie
Saturday, November 7th, 2009Fannie Mae strikes deal to sell $2.6 billion in unused tax credits
Thursday, November 5th, 2009In a deal that still needs Treasury Department approval, government run Fannie Mae reached an agreement with unnamed buyers to sell approximately $2.6 billion in unused low-income housing tax credits. The Treasury Department said it would approve the sale “if it was clearly in the interest of taxpayers.”
DHW asks: Do you think this deal is in the best interest of taxpayers?