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Vermont investors bolster success of recent VHFA bond sale

Posted by: Leslie Black-Plumeau on 12/16/2011

During our recent sale of single family bonds, Vermonters’ own investment decisions helped ensured the success of the deal and the continuation of low interest rate VHFA-financing to qualified home buyers.  These AAA-rated, tax exempt bonds, which also benefited from favorable interest rates in late November, totaled $12 million. 

Another $18 million in bonds will be purchased by the U.S. Treasury through the federal New Issue Bond Program.  This program has helped VHFA and housing finance agencies across the country continue providing financing for qualified home buyers and renters through the economic turbulence created by the recent recession.   Initiated in 2009, the Treasury recently extended the New Issue Bond Program through December 31, 2012. 

VHFA’s homeownership program rates are currently 3.50% for rural housing government loans and 3.75% for conventional loans.   Read more about buying a home through VHFA.