Tax exempt private activity bonds can be issued by the Authority to finance multi-family housing. In return for the reduced interest financing, at least thirty percent of the units must be rented to households earning 50% or less of the median area income or fifty percent of the units must be rented to households earning 60% or less of the median area income. The Authority also adds rent restrictions for the compliance period. The restrictions are in effect for the longer of 15 years or the life of the bond. Any for-profit development entity is eligible to participate.

List of Bond-Financed Projects