News wire article from our research archive:
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CITY ISSUES SECOND FUNDING AVAILABILITY NOTICE IN AFFORDABLE HOUSING GENERAL OBLIGATION BONDS
- Article from:
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US Fed News Service, Including US State News
- Article date:
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August 27, 2007
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The city of Austin issued the following press release:
The Austin Housing Finance Corporation (AHFC) today, Aug. 27, 2007, issued its second Notice of Funding Availability (NOFA) for Affordable Housing General Obligation (GO) Bonds. The $1.9 million is for AHFC's Acquisition and Development (A&D) Program for the financing of the development of affordable homeownership projects for low-income families and individuals.
On Nov. 7, 2006, Austin voters approved the issuance of GO Bonds to finance the development of affordable housing.
GO bond funding for homeownership development can be used for households earning at or below 80 percent of Austin Median Family Income (MFI) but will be ...
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