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AHFC issues bonds for veterans

Posted: Wednesday, August 23, 2000

ANCHORAGE (AP) -- The Alaska Housing Finance Corp. has issued $70 million in bonds to provide low-interest mortgages to up to 400 veterans in Alaska.

The state lending agency, with officials from Fannie Mae (the Federal National Mortgage Association) and U.S. Sen. Frank Murkowski, R-Alaska, were to announce the bond sale Wednesday.

AHFC provides loans to homebuyers, specializing in low-interest loans to low- and moderate-income people, as well as first-time homebuyers and veterans.

It also helps finance multifamily and rural housing in Alaska.



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