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TREASURY EXTENDS NEW ISSUE BOND, TEMPORARY CREDIT & LIQUIDITY PROGRAMS

Wednesday, November 23, 2011 - 8:00AM

The U.S. Department of the Treasury has extended the New Issue Bond Program (NIBP) through 2012 and the Temporary Credit and Liquidity Program (TCLP) through 2015, report the National Council of State Housing Agencies and the National Association of Local Housing Finance Agencies. Treasury has provided an NIBP term sheet and a TCLP term sheet and an election letter that state housing finance agencies must submit to Treasury by December 9 if they wish to continue using the NIBP. Treasury also plans to hold a webinar on the NIBP extension on November 29.
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