Florida Housing Releases New Issue Bond Program Preliminary Reservations

-

TALLAHASSEE, FL – November 25, 2009 – (RealEstateRama) — In late October, 2009, the Treasury, the Federal Housing Finance Administration, Fannie Mae and Freddie Mac announced a new program under which housing bond issuers will have the opportunity to sell multifamily bonds to Fannie Mae and Freddie Mac (the “GSEs”) that will in turn be securitized and sold to the Treasury. The new program is known as the HFA Initiative/ New Issue Bond Purchase (“NIBP”) program and has been created based on authority granted under the Housing and Economic Recovery Act of 2008 (HERA).

The purpose of the program is to provide low interest rate tax exempt financing to developers acquiring or constructing multifamily developments qualifying for private activity bonds.

Any questions may be addressed to:

Len Stirrat
Florida Housing Finance Corp.
227 North Bronough Street, Suite 5000
Tallahassee, FL 32301
(850) 488-4198 x1137
Len.Stirrat (at) floridahousing (dot) org

SHARE
Avatar

Florida RealEstateRama is an Internet based Real Estate News and Press Release distributor chanel of RealEstateRama for Florida Real Estate publishing community.

RealEstateRama staff editor manage to selection and verify the real estate news for State of Florida.

Contact:

Previous articleFederal Trade Commission Commends McCollum’s Proactive Efforts Against Foreclosure Rescue Fraud
Next articleFlorida Housing Encourages All Floridians to Participate in 2010 Census