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Taxable 80/20

Using the premise of  the Tax-Exempt 80/20, the taxable bond program began out of the need to provide more housing opportunities for moderate wage earners.  Developments financed through this program set-aside 80% of its units to individuals or households earning up to $61,450 for a family of four (80% AMI) while the 20% is reserved for individuals and households earning up to $38,400 for a family of four (50% AMI).  Taxable bonds are issued to make construction and/or permanent mortgage loans.