Survey: Governmental Bonds Often Used in Multifamily Deals

Duff, Susanna
June 2003
Bond Buyer;6/17/2003, Vol. 344 Issue 31658, p5
Trade Publication
Local housing authorities increasingly are relying on tax-exempt governmental bonds to finance multifamily housing in the U.S. State and local housing authorities have issued $1.7 billion in governmental bonds to finance 41,615 units of housing in 2002. Under the private-activity bond restrictions, tax-exempt bonds issued for such projects are limited to a share of a state's $75-per-capita state volume cap or a minimum of $225 million per state.


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