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If WHEDA cannot access the bond market, how is it able to fund Wisconsin Neighborhood Advantage loans?

April 26, 2017able advantage Bond fund Loans market NEIGHBORHOOD wheda Wisconsin

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If WHEDA cannot access the bond market, how is it able to fund Wisconsin Neighborhood Advantage loans?

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WHEDA is selling Neighborhood Advantage loans on a cash basis to investors. In order to make the forward sale possible, WHEDA is funding and holding each loan until such time that they can be sold to an investor under terms and conditions agreeable to the investor. WHEDA is not using bond proceeds to fund these loans.