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.
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