WSHFCWashington State Housing Financing Commission
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While for-profits are not excluded from competing for WSHFC funds in any way, Walker said, the policies do give a preference to nonprofits.
Fannie Mae's purchase of the bonds enables the Housing Finance Commission to lower our bond financing costs, thereby leaving money available to fund additional mortgages and reduce the borrower's interest rate," said Kim Herman, executive director of the WSHFC.
Interested home buyers may call the WSHFC at 1-800-767-HOME for more information.
Kim Herman, the executive director of the WSHFC, said, "Fannie Mae's partnership with the WSHFC will save significant bond issuance expenses for the Commission, which will benefit our customers -- the low- and moderate-income home buyers throughout the state of Washington.