Georgia Governor Brian Kemp has authorized the issuance of single-family mortgage bonds through an executive order on Thursday.
The order will allow the Georgia Housing and Finance Authority (GHFA) to sell and issue up to $600-million of its single-family mortgage bonds to provide money to finance mortgage loans of family residential housing units for eligible persons and families of low or moderate income in the state.
Some other purposes of the bond issuances include the GHFA refunding and redeeming “certain outstanding bonds,” establishing any necessary reserves, and paying all or a portion of the costs of sale and issuances of the bonds.
A hearing related to the issuance of the bonds was held on Aug. 29 and open to the public.
