TITLE

Five Years, $12.5 Billion?

AUTHOR(S)
Williams, Rochelle
PUB. DATE
June 2003
SOURCE
Bond Buyer;6/20/2003, Vol. 344 Issue 31661, p1
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The California Housing Finance Agency (CHFA) wants to spend $12.5 billion on its housing programs in the next five years. The agency will also get a share of the $2.1 billion in general obligation bond proceeds provided by the passage in November 2002 of Proposition 46, authorizing the debt for single-family homes, university housing, emergency shelters, and transitional housing. In 2003, the bond volume cap for all programs in California, including housing and non-housing programs, is $2.6 billion. Theresa Parker, executive director of CHFA, said the agency's biggest challenges are working within federal income restrictions on those eligible to participate in its housing programs and the very high cost of California housing.
ACCESSION #
10125572

 

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