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Report on Achievements
In 2009, the Board of Housing:
- 472 single-family mortgages were purchased for $55 million
- $2,950,492 of Low Income Tax Credits were allocated providing approximately $29 million of equity to produce or preserve 150 units of affordable rental housing
- 7 new Reverse Annuity Mortgage (RAM) Loans were originated bringing the total active RAM loans to 89. Since its inception the RAM program has assisted 175 elderly households
- Bond debt increased by $34 million
- Bond debt retired was $109 million
- Bond debt outstanding debt decreased from $949 million to $875 million
- Net Assets increased by $2 million during the 2009 fiscal year
