Michigan Housing Authority May Expand Borrowing in FY 2006

Carvlin, Elizabeth
January 2005
Bond Buyer;1/13/2005, Vol. 351 Issue 32049, p4
Trade Publication
The article reports that the Michigan Housing Finance Authority would double its borrowing in fiscal year 2006 after Governor Jennifer Granholm signed two laws that will raise the qualifying income and home purchase price thresholds of loan participants and create a new program for student housing construction loans. The laws, along with higher interest rates on conventional loans, would boost the loan portfolio.


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