other material
confidence high
sentiment positive
materiality 0.65
QCR Holdings closes first two securitizations, selling $265M of LIHTC loans
QCR HOLDINGS INC
- Total $265M in LIHTC loans sold via two Freddie Mac-sponsored securitizations: $130M tax-exempt (M-Series) and $135M taxable (Q-Series).
- Company recognized net gain on sale of $664K from the transactions.
- Securitizations designated as Social Bonds by Freddie Mac; CEO says this will be a recurring tool for liquidity and capital management.
- Since inception, company has financed 371 affordable housing projects (over 24,000 units).