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Tangipahoa Parish Council approves certificate for CAFA down-payment bond program
Summary
The Tangipahoa Parish Council adopted TP Resolution 25-13 confirming public approval of bonds to allow the Capital Area Finance Authority to offer a down-payment assistance program, following a CAFA presentation on depleted prior funds and a request to authorize a new $100 million offering.
On May 27, 2025, the Tangipahoa Parish Council adopted Tangipahoa Parish Resolution 25-13 certifying the parish's public approval of bonds under section 147(f) of the Internal Revenue Code of 1986, as amended. The action followed a presentation by Bridgette Homer of the Capital Area Finance Authority asking the council to allow CAFA to offer a new round of down-payment assistance bonds.
CAFA's Homer told the council the authority has offered down-payment and closing-cost assistance for about 40 years and issued a $40 million bond in…
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