Texas Housing and Community Affairs plans $95.21 million bond offering

By Sheri Kasprzak

New York, Jan. 8 – The Texas Department of Housing and Community Affairs is set to sell $95,205,000 of series 2016 single family mortgage revenue bonds on Thursday, according to a preliminary official statement.

The deal includes $35 million of series 2016A non-AMT bonds and $60,205,000 of series 2016B taxable refunding bonds.

The bonds (Aa1/AA+/) will be offered through J.P. Morgan Securities LLC with Morgan Stanley & Co. LLC, Ramirez & Co. Inc. and RBC Capital Markets LLC as the co-managers.

The 2016A bonds are due March 1, 2046 and the 2016B bonds are due March 1, 2039.

Proceeds will be used to finance mortgage loans and refund existing debt.

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