IHFA sells bonds to investors to raise capital. Bonds are marketable securities backed by mortgage loans on residential and multifamily properties. IHFA bond issues are safe investments because, in addition to a 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 (IHFA) will repay the loan. IHFA has been, and continues to be, one of the best investment options in the housing industry.

IHFA issues three levels of bonds, with a minimum rating of A1 and a maximum rating of AAA. Please check us out through Fitch's Rating and Moody's Investors Service for our current ratings.

A bond is just another way to borrow capital. Bonds are basically lower-risk loans. The risk is reduced because the bond issue or agreement requires cash reserves and other safeguards, giving the investor or bondholder assurance that the bond issuer (IHFA) will be able to repay the loan.