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Bridging the Housing Affordability Gap, One TAH Express Loan at a Time

It’s safe to say that the U.S. is suffering from an affordable housing crisis, with a huge gap existing between demand for less-expensive units and the supply of said units. According to Hunt Real Estate Capital’s Joshua Reiss, the gap is some 400,000 units.

The good news is that Freddie Mac has introduced financial instruments to help reduce that gap. To that end, the government-sponsored enterprise introduced its Targeted Affordable Housing Express (TAH) program in late 2017. The program, which went into effect earlier this year, is an extension of Freddie Mac’s existing TAH program; this provides property loans for development of, and investment in, affordable housing in underserved areas.

Why add “express” onto Targeted Affordable Housing? Reiss writes that it helps borrowers undergo “a condensed pre-screening process, simplified non-negotiable legal documents and a standardized underwriting process.” The result, he goes on to say, is lower transaction costs and faster approval.

TAH Express is available for acquisition or refinance loans in all markets, in amounts up to $10 million.

For comments, questions or concerns, please contact Amy Sorter


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About Mark El-Rayes

Mark El-Rayes is an award winning designer and photographer from Beirut, Lebanon. El-Rayes has over 15 years in the design industry, 5 years of which he served as a Mass Communication Specialist in the United States Navy at Naval Air Station North Island, Navy Public Affairs Support Element - West (NPASE). El-Rayes is a full-stack developer, seo specialist, photographer, and artist.

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