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Committee backs raising GHFA outstanding bond cap from $3 billion to $6 billion
2577132 · March 12, 2025
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Summary
The committee gave a unanimous favorable report to HB 159, doubling the authorized aggregate outstanding mortgage revenue bonds for the Georgia Housing Finance Authority to expand low-cost mortgage lending.
The Senate Economic Development Committee voted unanimously to advance House Bill 159, which would raise the aggregate limit on outstanding mortgage revenue bonds available to the Georgia Housing Finance Authority (GHFA) from $3,000,000,000 to $6,000,000,000.
Representative Croke, presenting the bill, said the increase…
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