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And when in the autumn of this year Barclays Bank turned down a request for a £120m refinancing and development loan, Ujima found itself up a cash-flow creek without a financial paddle.
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The bonds cover refinancing and repair of 46 developments with more than 9,000 units.
"I don't think a lot of people are aware that they have this option," said Jef Kinney, the vice president for innovation and development of Fannie Mae, who oversees refinancing activity.
Osceola County, Fla., $71.4 million of tourist development tax revenue refinancing and improvement bonds.
In 2009, the Treasury Department, having dumped hundreds of billions through the TARP program to rescue Wall Street--$45 billion to insolvent Citigroup alone grudgingly created a very modest refinancing and recapitalization program to help distressed community development banks.
*Gender Equality and Development.
Population and Development Review.
Applied research and development.
Research and development.
Why sport and development?
Planning and Development (PND).
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