public housing authority bond(redirected from Public Housing Authority Bonds)
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.
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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.