Virginia Housing Development eyes $82.39 million rental housing bonds

By Sheri Kasprzak

New York, Nov. 9 – The Virginia Housing Development Authority is set to price $82,385,000 of series 2015 rental housing bonds, according to a preliminary official statement. Pricing is scheduled for Nov. 17.

The deal includes $32,385,000 of series 2015E non-AMT tax-exempt bonds and $50 million of series 2015F taxable bonds.

The maturities have not been set.

The bonds (Aa1/AA+/) will be sold competitively.

Proceeds will be used to finance mortgage loans for rental housing properties in the state.

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