Finance
The Massachusetts Housing Finance Agency (MassHousing) bond-financed mortgage programs typically offer:
AAbove-market interest rates to fund affordable programs
BBelow-market interest rates funded through tax-exempt bond proceeds for income-qualifying buyers✓ Correct
COnly commercial real estate financing
DLoans exclusively for rental property developers
Explanation
MassHousing issues tax-exempt bonds to fund mortgage programs with below-market interest rates for income-qualifying first-time homebuyers, making homeownership more affordable in Massachusetts.
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