Authors

Chester Smolski

Document Type

Article

Themes

City Planning

Comments

Prob. of income limit and owner rest. on hse.

Abstract

"It was the single largest bond issue in the state and one of the largest in the nation. The Rhode Island Housing and Mortgage Finance Corporation (HMFC) has sold $163 million of tax-free bonds, $142 million of which will be made available at below market interest rates to persons with annual incomes up to $30,000, to buy homes in Rhode Island. This will have a sizable impact on the local real estate market and increase housing opportunities for many prospective home buyers."