Tennessee Housing Development receives nod for series 2005-2 refunding

By Sheri Kasprzak

New York, April 10 – The Tennessee Housing Development Agency announced Friday that it received the green light from its board of directors to refund its series 2005-2 homeownership program bonds.

About $89,715,000 of the original $100 million of principal remains outstanding.

The bonds are subject to an optional redemption on July 1, 2015.

The refunding is contingent upon market and other conditions.

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