Bond Financing

When the Housing Authority issues a bond, it is sold on the Bond Market through a broker, usually a commercial lender. The proceeds are usually used for the development of new housing or substantial renovations for existing housing. These financial transactions must be approved by the NC Housing Finance Agency.

The Wilson Housing Authority plans to build a new apartment complex for seniors. The new building will be named Pinnacle Point. WHA has received approval from NCHFA for the project and anticipates construction to begin in the 4th quarter of 2013.