Tax-exempt housing bonds: municipals and mortgages intersect
bonds”). The proceeds from the issuance of these housing bonds are used to finance the low-cost, single family mortgages and affordable rental apartments that are the focus of their mandates. This paper will focus on tax-exempt and AMT housing bonds. In 2007, HFAs issued approximately $18 billion in single-family housing bonds and $5 billion ... ................
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