HOUSING AUTHORITY ANNOUNCES $70 MILLION BOND ISSUE TO FINANCE HOMES FOR LOW INCOME FAMILIES

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By Michigan RealEstateRama -

August 26, 2011 – (RealEstateRama) — LANSING The Michigan State Housing Development Authority (MSHDA) announced today that it has issued bonds in the aggregate principal amount of $70,000,000 on July 26, 2011, and will use the proceeds of such bonds to make mortgage loans to eligible low and moderate income applicants to finance single family homes. Reservations are now being accepted for the loans to be made from the proceeds of the bonds

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