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IHCDA finances the homeownership programs through the issuance of Mortgage Revenue Bonds (MRBs). These bonds, a form of Private Activity Bond, are primarily tax-exempt, meaning that the interest paid to investors is exempt from federal income taxes (though it may be a preference item in the Alternative Minimum Tax calculation). However, taxable bonds are used to supplement volume at times. IHCDA's MRBs are AAA and Aaa rated, by Fitch and Moody's respectively, and are sold through our underwriters and selling group members in 3-4 issues per year.
On a trial basis, IHCDA is making available an Excel template that upon being loaded onto a Bloomberg system will download all relevant loan data for MBS pools backing IHCDA bonds. Please e-mail firstname.lastname@example.org to send feedback on this template. Please click on the link below to download the template.
IHCDA has engaged DAC as its Disclosure Provider. To view IHCDA's secondary market disclosure information:
Questions? Please call DAC at 888-824-2663 and speak with a customer service representative.