TITLE

`Strapped-for-Cap' State HFAs Issuing More Variable-Rate Debt

AUTHOR(S)
Vadum, Matthew
PUB. DATE
August 2000
SOURCE
Bond Buyer;08/21/2000, Vol. 333 Issue 30958, p5
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
Reports on the increasing number of state housing finance agencies that are relying on variable-rate debt in the United States. Efforts of the agencies to reduce the higher interest costs associated with floating taxable debt; Agencies' entry into 'Standby Bond Purchase Agreements' with banks and others to reduce interest rate risk and guarantee liquidity.
ACCESSION #
3482084

 

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