Mortgage Revenue Bonds (MRBs) are reduced risk investments because, in addition to the mortgage on the property being financed, the bond issue requires cash reserves and other safeguards, giving the investor or bondholder additional assurance that the bond issuer will repay the loan. These bonds provide low-interest mortgage loans for first-time homebuyer.
In 1978, IHFA began selling MRBs on the national market to make low-interest mortgage loans available to Idahoans. The money generated by bond sales provides low-interest mortgage loans for thousands of Idahoans each year — many are first time buyers. Our bond programs allow us to fill a niche helping home buyers purchase their first home.
Recent Bond Issues Completed
| Year | Name | Amount | Month |
|---|---|---|---|
| 2019 | IHFA Single Family Mortgage Bonds 2019 Series C | $30,490,000 | October 2019 |
| IHFA Single Family Mortgage Bonds 2019 Series AB | $42,775,000 | July 2019 | |
| 2017 | IHFA Single Family Mortgage Bonds 2017 Series A | $92,680,000 | July 2017 |
| 2016 | IHFA Single Family Mortgage Bonds 2016 Series A | $89,130,000 | July 2016 |
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