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Board approves HFA bond authorization up to $250 million to support single‑family below‑market mortgages
Summary
Pinellas County commissioners voted unanimously to authorize the Housing Finance Authority to issue up to $250 million in single‑family mortgage revenue bonds over 2025–2028, enabling the HFA to finance below‑market mortgages and related assistance through a joint program with neighboring counties.
The Pinellas County Board approved a resolution on Sept. 4 authorizing the Housing Finance Authority (Pinellas HFA) to issue single‑family mortgage revenue bonds with an aggregate principal amount not to exceed $250 million for calendar years 2025 to 2028. The resolution also authorizes the county’s continued participation in a joint issuance program with Pasco and Polk counties.
Why it matters: The HFA issues tax‑exempt mortgage revenue bonds that support below‑market, home‑purchase financing and down‑payment/closing‑cost assistance for eligible borrowers.…
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