OHFA is expected to come to market with $101 million1 in Series 2016 K Residential Mortgage Revenue Bonds. The proceeds of the bonds will be used to finance mortgage loans, which will be pooled to back mortgage-backed securities and to refund a portion of OHFA's Residential Mortgage Revenue Bonds. The bonds are limited obligations of OHFA and are payable solely out of certain revenues and assets of OHFA pledged therefor under the Trust Indenture. The bonds do not constitute a debt of the pledge of the faith and credit, of the State of Ohio or of any political subdivision thereof, and the holders or owners of the bonds have no right to have taxes levied by the General Assembly of Ohio or by the taxing authority of any political subdivision for the payment of the principal of or interest of these bonds. The bonds are not a debt of the United States of America or of any agency thereof or of Government National Mortgage Association (GNMA), Federal National Mortgage Association (Fannie Mae), or Federal Home Loan Mortgage Corporation (Freddie Mac) and are not guaranteed by the full faith and credit of the United States of America.
Traditionally, municipal bonds will be subject to optional call features, and term bonds will generally have a Mandatory Sinking Fund feature. Please review the structure on the day of the pricing before
The bond sale offers attractive benefits to individual investors including prices and yields that match those available to institutional investors, the potential for stable income through call dates, and, for Ohio residents, federal and state tax-exemption on the bond coupon payments. These bonds are not subject to the Alternative Minimum Tax.
How to place an order
Individual investors may place orders during the week of October 3, 2016.1 Individual investors can place orders onlineLog In Required online or by calling a Fidelity representative at 800-544-5372.
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