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Mortgages for low income buyers at below market interest rate

Shared by Helping_user on Tue Nov 21, 2006 4:59 am

The Illinois Housing Development Authority will fund I-Loan Mortgage program, which offers home mortgages to low income buyers at below market interest rate. To collect the fund they approved the sale of $115 millions in Homeowner Mortgage Revenue Bonds. The bonds are to be released for the sale on 9 – 10 January.

Source: http://www.wjbc.com/wire/05125_Mortgage-Bonds-WEB_125316.htm
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