Florida Housing Finance plans buybacks of three series of housing bonds

By Jennifer Chiou

New York, March 20 - The Florida Housing Finance Corp. announced proposals for open market purchases of the following bonds:

• Florida Housing Finance Agency affordable housing guarantee revenue bonds (taxable) 1993 series A;

• Florida Housing Finance Corp. affordable housing guarantee revenue bonds (taxable) 1999 series A; and

• Florida Housing Finance Corp. affordable housing guarantee revenue bonds (taxable) 2000 series A.

In a disclosure filing on Friday, Barbara Goltz, the company's chief financial officer, said that the variable-rate demand bonds are subject to optional tender by holders on a daily or weekly basis.

Since April 30, 2008, Goltz added that there have been numerous draws on certain of Florida Housing's liquidity agreements to pay the purchase price of the bonds.

Florida Housing intends to purchase the bonds in the open market on March 25 or remarket a portion of the bonds, adding that it does not expect to purchase more than $1 million of each series of notes.

Questions can be directed to Goltz at (850 488-4197; Barbara.goltz@floridahousing.org).

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