Fannie Mae partners to help preserve affordable housing in Chinatown, DC
One of the last remaining affordable properties in Chinatown DC, Wah Luck House is home to many residents who immigrated from China. In 2017, Fannie Mae and Greystone provided $50 million of low-cost financing to keep Wah Luck House affordable. By preserving Wah Luck House, Fannie Mae was able to allow low-income homeowners to remain in place in a gentrifying neighborhood, and provide the opportunity for residents to continue building their lives.
COMMENTING POLICY
We appreciate and encourage lively discussions on our websites’ content. While we value openness and diverse points of view, all comments should be appropriate for people of all ages and backgrounds. We do not tolerate and will remove any comment that does not meet standards of decency and respect, including, but not limited to, posts that:
We reserve complete discretion to block or remove comments, or disable access privilege to users who do not comply with this policy. The fact that a comment is left on our website does not indicate Fannie Mae’s endorsement or support for the content of the comment.
Fannie Mae does not commit to reviewing all information and materials submitted by users of the website for consideration or publication by Fannie Mae (“User Generated Contents”). Personal information contained in User Generated Contents is subject to Fannie Mae’s Privacy Statement available here. Fannie Mae shall have otherwise no liability or obligation with respect to User Generated Contents and may freely copy, adapt, distribute, publish, or otherwise use User Generated Contents without any duty to account.