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HOME OWNERSHIP INVESTMENTS
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  
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