$15 million in HEARTS bonds are reissued

 
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Heartland Properties, Inc. through its Heartland Affordable Housing subsidiaries has reissued $15 million of tax-exempt Housing Enhancement and Rehabilitation Trust Securities (HEARTS). The adjustable-rate revenue bonds provide affordable financing for five multi-family housing developments.
HEARTS bonds combine the benefits of municipal revenue bonds with the financial strength of Alliant Energy to obtain financing at favorable interest rates for housing in Wisconsin communities. The housing developments and public authorities issuing the bonds, include:
 Blue Dot Windsong Village, Kenosha, WI - $5,630,000 through the Housing Authority of the City of Kenosha.
 Blue Dot Dunlap Square, Marinette, WI - $6,620,000 through the Housing Authority of the City of Marinette.
 Blue Dot The Depot, Antigo, WI - $1,605,000 through the Housing Authority of the City of Antigo.
 Blue Dot WPL Building Apartments, Berlin, WI - $750,000 through the Community Development Authority of the City of Berlin.
 Blue Dot North River Block Apartments, Berlin, WI - $390,000 through the Community Development Authority of the City of Berlin.
For additional information on the HEARTS bond program contact Mike Smieja, Director-Real Estate Finance, at 608-286-2330 or mikesmieja@alliantenergy.com.

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