Fairfax County, Va., Redevelopment Authority to sell $93.47 million affordable housing bonds Tuesday

New York, Aug. 3 - Fairfax County Redevelopment and Housing Authority in Virginia will offer $93.465 million of revenue bonds (affordable housing acquisition) series 2009 by competitive sale on Tuesday.

Public Financial Management, Inc. is the financial advisor for the transaction.

The bonds will be structured with serial maturities from 2010 to 2039.

Maturities longer than 2019 will be callable starting in 2019.

Proceeds will be used to help repay the $104.105 million bond anticipation notes maturing on Oct. 1 that were issued by the authority. Those notes were in return used to repay bond anticipation notes originally sold in November 2007 to finance the purchase of a multi-family rental housing property in Annandale, Va.

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