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The Capital Area Housing Finance Corporation
provides financing for construction or rehabilitation of multi-family communities
that meet specific rental rate guidelines. We provide tax exempt Mortgage
Revenue Bond financing for privately owned communities through the Texas
Bond Review Board Private Activity Bond Program and through the Issuance
of tax exempt 501(c)(3) bonds. The 501(c)(3) bonds are issued on behalf
of a non-profit owner. All bonds are repaid solely through project revenues.
The Corporation has provided financing for approximately 1100 apartment
homes currently under construction in our area.
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