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Process for Bond Financing
Broward County > Housing Finance Authority > Programs > Process for Bond Financing
Bonds issued by the HFA must comply with the specific requirements set forth in Chapter 30 of the Broward County Administrative Code, regardless of whether such bonds are to be publicly sold or privately placed. If the bonds are to be publicly sold, they must be credit enhanced or secured by a financial guarantee to ensure that such bonds carry an investment-grade rating of "A" of better by a nationally recognized rating service. The HFA may also consider issuing bonds which do not carry an investment grade rating, provided the requirement set forth in Chapter 30 of the Broward County Administratie Code regarding the sale or placement unrated or non-credit enhanced bonds are met. More...