SAN FRANCISCO — The Idaho Housing and Finance Association is trying to buy out holders of outstanding bonds in a bid to take advantage of federal stimulus legislation that permits the agency to issue housing bonds without interest being subject to the federal alternative minimum tax.

The tender offer — available at http://dfking.com/ihfa/ — applies to all $388 million in fixed-rate single-family mortgage revenue bonds the association issued between 2004 and 2008, said John Sager, its chief financial officer and senior vice president.

Subscribe Now

Independent and authoritative analysis and perspective for the bond buying industry.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.