South Carolina to Sell $178M in Mortgage Revenue Bonds For Single-Family Residences

Dow Jones

May 03, 2025

By Chris Wack

The South Carolina State Housing Finance and Development Authority is selling $178 million of mortgage revenue bonds, with proceeds being used to finance mortgage loans for single-family residences in the state.

The Series 2025 B bonds are also being used to fund the bond reserve requirement and certain other funds and accounts, according to documents posted Friday on MuniOS.

The Non-AMT Series 2025 B bonds are special obligations of the authority, payable solely from the money, income and receipts of the authority.

The authority was created in 1971 to investigate housing conditions; to buy, own and lease personal property; and build, rebuild and operate housing developments, among other things.

Interest on the bonds will be payable semi-annually beginning Jan. 1, 2026. The bonds mature from 2026 through 2055. Interest and yields have not been set.

Moody's has given the bonds a rating of Aaa.

BofA Securities is lead manager for the offering.

Write to Chris Wack at chris.wack@wsj.com

(END) Dow Jones Newswires

May 02, 2025 12:58 ET (16:58 GMT)

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