Capital Area Finance Authority wins parish approval to continue first‑time buyer program

Representatives from the Capital Area Finance Authority told jurors the authority had run out of the tax‑exempt bond funding used to support down‑payment assistance in May and is seeking to issue a new, larger bond to replenish the program. The presenter said the authority will seek $200 million at the state level and then roll that funding out in tranches to provide new assistance to eligible first‑time buyers through approved lenders.