Bond sale helps home buyers, renters

By Bruce Edwards. Reposted from the Barre Montpelier Times-Argus, December 30, 2012. “The Vermont Housing Finance Agency closed on a $50 million bond sale that replenishes the agency’s loan funds. The money will provide 30-year mortgages at 3 percent interest on a government-backed mortgage and 3.25 percent on a conventional mortgage. The bond sale will fund 250 to 350 home purchases. A separate $26 million multifamily bond sale restructures certain existing VHFA loans that affect 907 apartments around the state. VHFA Executive Director Sarah Carpenter said the agency took advantage of a program available only to state housing finance agencies. Under the program, the U.S. Treasury buys the mortgage securities backed by the housing bonds…” PDF of full Times-Argus article

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