Five Years, $12.5 Billion?

Williams, Rochelle
June 2003
Bond Buyer;6/20/2003, Vol. 344 Issue 31661, p1
Trade Publication
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.


Related Articles

  • Housing Bond Limits? Albanese, Elizabeth // Bond Buyer;8/23/2005, Vol. 353 Issue 32202, p27 

    Reports that Bexar County, Texas, commissioners will consider at their September 2005 meeting a debt policy that would allow housing revenue bonds to be issued only for projects that are dedicated to senior citizen residences or those that remain subject to local property taxes. County's Housing...

  • 'Restored Advantage' Seen for Connecticut, Other HFAs. O'Brien, Elizabeth // Bond Buyer;12/29/2004, Vol. 350 Issue 32039, p3 

    The article reports that Connecticut Housing Finance Authority expects to sell about $600 million of bonds next year in a climate that analysts say may be improving for housing financing agencies nationwide. Planned issuance for 2005 reflects a dip from the $735 million the Connecticut authority...

  • Private-Activity Bond Cap Carryforward Down 14%. McConnell, Alison L. // Bond Buyer;6/25/2007, Vol. 360 Issue 32655v, p1 

    The article reports that various states in the U.S. have carried forward less private-activity bond volume cap this 2007 buoyed by higher issuance in single-family housing category. It has been reported that 50 states of the District of Columbia rolled a total of $22.7 billion of unused volume...

  • A Booming Sector.  // National Mortgage News;9/10/2012, Vol. 36 Issue 49, p1 

    The article offers information regarding the boom in the sector of housing bond business. It informs that the sector has jumped 36.1 percent between the first half of 2011 and 2012 and 53.1 percent in the second quarter of 2012, according to the figures generated by Thomson Reuters Corp. It also...

  • MH recovery rates at a record lows. S.M. // Asset Securitization Report;8/16/2004, Vol. 4 Issue 33, p11 

    Reports that recovery rates on manufactured housing asset-backed securities (ABS) bonds have reached record lows in the U.S. Suggestion of a permanent impairment as manufacturers continue to wholesale units to get through the repossession backlog; Repossession inventory in 2003; Expectation of...

  • Board OKs Bonds. McDonald, Michael // Bond Buyer;12/20/2004, Vol. 350 Issue 32033, p29 

    The article reports that New York State Public Authorities Control Board on Wednesday approved the sale of $882.4 million of bonds, including $461 million of refunding bonds, a $30 million combined new money refunding, and $391 million of new money. The board approved six bond sales for the New...

  • HUD Secretary, Treasury to Offer HFAs More Liquidity for Bonds. Funk, Lynne // Bond Buyer;2/27/2009, Vol. 367 Issue 33071, p22 

    The article reports on the effort of Secretary Shaun Donova from the Department of Housing and Urban Affairs in working out with the Treasury Department to offer more liquidity for the bonds of the state housing finance agencies in the U.S. According to the article, Donovan made an assurance for...

  • N.Y. Housing Finance Agency Expects to Exhaust Its Liberty Authorization. McDonald, Michael // Bond Buyer;1/21/2004, Vol. 347 Issue 31804, p6 

    Reports that the New York State Housing Finance Agency is expected to use its tax-exempt Liberty bond authorization received under the federal Liberty Zone program. Sale of the Liberty bonds for luxury housing; Proceeds of the bond sale; Reallocation of the authorizations to fund residential...

  • Report: Long-Standing Rent Freeze Adding Fuel to Section 8 'Upheaval'. Vadum, Matthew // Bond Buyer;6/5/2002, Vol. 340 Issue 31401, p34 

    Reports the effects of the freeze on rents in section 8 housing projects on uninsured multifamily bonds in the U.S. Applicability of the freeze on rents; Impact of the rent freeze on the fall of section 8 developments; Danger of default on uninsured section 8 bonds of local housing finance...


Read the Article


Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics