public housing authority bond

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Public housing authority bond

Bonds of local public housing agencies that are secured by the federal government and whose proceeds are used to provide low-rent housing.
Copyright © 2012, Campbell R. Harvey. All Rights Reserved.

Public Housing Authority Bond

A municipal bond issued by a local agency that is used to finance the construction or repair of low-income housing projects. Because the U.S. government wishes to reduce homelessness, these bonds are guaranteed by the federal government and their interest is exempt from federal taxation.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved

public housing authority bond

A bond that is issued by a local public housing agency and its proceeds used to construct or repair low-rent housing. Public housing authority bonds are backed by the federal government and pay federally tax-exempt interest.
Wall Street Words: An A to Z Guide to Investment Terms for Today's Investor by David L. Scott. Copyright © 2003 by Houghton Mifflin Company. Published by Houghton Mifflin Company. All rights reserved. All rights reserved.
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