Illinois Housing Development Authority Revenue Bonds Series A2 Refunding 3% due 08/01/2023

Illinois Housing Development Authority Revenue Bonds Series A2 are municipal bonds issued by the Illinois Housing Development Authority. These bonds are designed to fund and refinance affordable housing initiatives within the state of Illinois. Serving as a key tool in state housing policy, these bonds focus on generating capital to support housing projects that assist low to moderate-income families. The revenue bonds are backed by the income generated from these housing projects, providing a stream of payments to bondholders. As a part of the public finance sector, the bonds reflect the state's commitment to community development and housing affordability, playing a crucial role in sustaining economic development through infrastructure investment. With a coupon rate of 3% and a maturity date of August 1, 2023, these bonds appealed to entities and individuals interested in socially responsible investing while offering tax advantages typical of municipal securities. Their impact is enhanced by contributing to long-term community enrichment and housing stability, reflecting the broader role of municipal bonds in promoting local governmental financial health and public welfare.