WASHINGTON — The Virginia Housing Development Authority will sell $175 million of taxable rental housing bonds in a negotiated deal Tuesday.

The bonds are secured by mortgage loans, revenues, and the material assets of the Housing Authority, which does not have general taxing power. Raymond James/ Morgan Keegan is lead underwriter on the bonds, and Richmond firm Hunton & Williams, LLP is the bond counsel. Moody's Investors Service has rated the bonds Aa1, and Standard and Poors assigned the debt a AA-plus rating.

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