Industry NewsMortgage

State HFAs resuming lending

Bond programs provide $23.5 billion in temporary financing
Published on Feb 16, 2010

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by CareyBot

Wisconsin's state housing finance authority will begin writing loans on March 1 for the first time in 18 months thanks largely to a $23.5 billion Treasury Department program geared at helping state and local housing finance agencies finance more than 200,000 home purchases.

The Wisconsin Housing and Economic Development Authority (WHEDA) will raise $325 million selling long-term bonds through the Treasury's temporary financing program, providing it with lower-cost cash to fund its investment in single-family mortgages.

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