Florida Housing Finance preps $50 million mortgage revenue bond sale

By Sheri Kasprzak

New York, Nov. 17 – The Florida Housing Finance Corp. is set to price $50 million of series 2015-1 non-AMT homeowner mortgage revenue bonds, according to a preliminary official statement.

The bonds (Aaa) will be sold through senior manager Morgan Stanley & Co. LLC. The co-managers are Citigroup Global Markets Inc., RBC Capital Markets LLC, Raymond James/Morgan Keegan and BofA Merrill Lynch.

The bonds are due 2017 to 2025 with term bonds due in 2030, 2035, 2040, 2045 and 2047.

Proceeds will be used to finance mortgage loans for affordable housing projects in the state.

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