Fannie Mae Foundation Focused on D.C. (washingtonpost.com)

Fannie Mae Foundation Focused on D.C. (washingtonpost.com): "Fannie Mae Foundation Focused on D.C.
By David S. Hilzenrath and Derek Willis
Washington Post Staff Writers
Monday, February 21, 2005; Page E01
D.C. Mayor Anthony A. Williams's recent broadside against Fannie Mae, after the District-based mortgage funding company abandoned its plan to become an anchor for redevelopment in Southwest Washington, reopened an old debate over Fannie Mae's commitment to the city.
In the mid-1990s, the D.C. Council sought to repeal the federally chartered company's exemption from District income tax, and Fannie Mae threatened to leave the city. Fannie Mae's lobbying of the D.C. Council and Congress killed the proposal. After that battle, the company pledged to boost its local philanthropy. "