| Program-Related Investments |
| Affordable Housing Resources, Inc. | $400,000 |
Nashville, TN
Senior loan to provide capital for pre-development activities for affordable home ownership projects. $400,000 4-year senior loan approved in 2004. | |
| Bridge Housing Corporation | $500,000 |
San Francisco, CA
Senior loan to provide pre-development capital for affordable home ownership projects. $500,000 7-year senior loan approved in 2005. | |
| Coastal Enterprises, Inc. | $500,000 |
Wiscasset, ME
Senior loan to expand the capacity of the Lease-Purchase Homeownership Program. $500,000 5-year senior loan approved in 2005. | |
| Federation of Appalachian Housing Enterprises, Inc. | $500,000 |
Berea, KY
Senior loan for the Development Loan Fund to provide pre-development, construction, and bridge financing for affordable home ownership projects. $500,000 6-year senior loan approved in 2004. | |
| Housing Assistance Council | $750,000 |
Washington, DC
Senior loan for the Rural Housing Loan Fund to finance the pre-development activities of non-profit, self-help, and other affordable home ownership providers in rural communities throughout the country. $750,000 6-year senior loan approved in 2003. | |
| Manna, Inc. | $500,000 |
Washington, DC
Senior loan to finance the pre-development activities for affordable home ownership programs. $500,000 4-year senior loan approved in 2004. | |
| McAllen Affordable Homes, Inc. | $500,000 |
McAllen, TX
Senior loan to provide pre-development capital for affordable home ownership opportunities. $500,000 6-year senior loan approved in 2005. | |
| New York City Acquisition Fund, LLC | $1,000,000 |
New York, NY
Subordinated loan to support acquisition financing for affordable rental and home ownership projects. $1,000,000 10-year subordinated loan approved in 2005. | |
| Self-Help Enterprises | $500,000 |
Visalia, CA
Senior loan to finance the construction of self-help home ownership. $500,000 6-year senior loan approved in 2004. | |
| Corpus Investments |
| Genesis Workforce Housing Fund | $1,500,000 |
New York, NY
Commitment to a private real estate partnership to develop for-sale and rental "workforce" housing in Los Angeles County and other densely populated urban areas in Southern California. | |
| Fixed-income Securities |
Boynton Beach (Florida) Community Redevelopment Agency | |
Tax Increment Revenue Bonds
Taxable Series 2005B
Rating: AAA
To finance affordable workforce housing for low- and moderate-income individuals and families. | |
| Colorado Housing and Finance Authority | |
Single Family Mortgage Bonds
2005 Series B-1B
Rating: AAA
To finance single family residences for low-and moderate-income families, including low-interest loans to persons with disabilities. | |
| Connecticut Housing Finance Authority | |
Housing Mortgage Finance Program Bonds
2004 Sub-Series D-3, Federally Taxable
Rating: AAA
To finance first-time homebuyer program for low- and moderate-income families. | |
| Delaware State Housing Authority | |
Senior Single-Family Mortgage Revenue Bonds
2003 Series B
Sub-Series B-2 (Taxable)
Rating: AA-/Aa3
To finance mortgages for low- and moderate-income families in targeted areas. | |
| Habitat for Humanity International, Inc. | |
Linda Mae Bonds
Series 2001-1 & 2002-1 & 2003-1
Rating: Not Rated
To finance the construction of self-help homes for low-income families through various affiliates. | |
| Housing Finance Authority of Pinellas County, Florida | |
Single Family Housing Revenue
2004 Series A-2 (Taxable)
Rating: AAA
To finance low-rate and assisted mortgages for low- and moderate-income first-time homebuyers in in Pinellas, Pasco and Polk Counties, Florida | |
| Texas Department of Housing and Community Affairs | |
Taxable Junior Lien Single-Family Mortgage
Revenue Bonds
Series 2002A
Rating: AA
To provide down payment and affordable home mortagage assistance to low-income, first-time homebuyers. | |
| Utah Housing Corporation | |
Single Family Mortgage Bonds
2005 Series D-3
Rating: AAA
To finance down payment assistance and mortgage loans for first-time, low-income homebuyers under the FirstHomePlus Program. | |
| Virginia Housing Development Authority | |
Commonwealth Mortgage Bonds
Pass-Through Certificates
2002 Series D & 2004 Series B
Rating; AAA
To provide 100% loan-to-value mortgages to low- and moderate-income homebuyers under the Flexible Home Alternative Loan Program. | |
| Wisconsin Housing and Economic Development Authority | |
Home Ownership Revenue Bonds
2005 Series B
Rating: AA
To finance down payment assistance and mortgage loans for first-time, low and moderate-income home buyers under the "Home Plus Loan" program. | |
| Targeted Mortgage-Backed Securities |
| Pools consist of loans to low- and moderate-income borrowers to purchase single-family housing in 15 states. | |
| Fannie Mae Pool 696281A | |
| Rating: AAA | |
| Freddie Mac Pool A13278 | |
| Rating: AAA | |
| Freddie Mac Pool A19761 | |
| Rating: AAA | |
| Freddie Mac Pool B30919F | |
| Rating: AAA | |
| Freddie Mac Pool C76858F | |
| Rating: AAA | |