DC Bonds to Help Families Buy Homes

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DC Bonds to Help Families Buy Homes

January 3, 2006

Under a new home ownership drive launched last week, the DC Housing Finance Agency is earmarking $17 million in bonds to help low- and moderate-income families purchase homes in the nation's capital.

Qualified borrowers will receive either 30-year fixed financing at 4.7 percent or a fixed loan at 5.95 percent, the latter of which includes a grant to cover down payment and closing costs.

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