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Subcommittee advances bill to ease limits on GHFA mortgage bonds
Summary
A state subcommittee heard testimony on HB 1180 to relax limits on mortgage revenue bonds issued by the Georgia Housing and Finance Authority, with supporters saying the change will preserve funding flexibility for programs such as the Georgia Dream Homeownership program.
House Bill 1180, presented to the State and Local Government Subcommittee as a hearing item, would relax the statutory cap on outstanding mortgage revenue bonds that the Georgia Housing and Finance Authority (GHFA) may issue to support homeownership programs statewide.
Proponents told the panel the measure would not create state indebtedness but would give GHFA flexibility to issue bonds when programs…
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