Veterans mortgage bonds OK'd

Posted: Wednesday, November 06, 2002

JUNEAU - Alaska voters on Tuesday approved a bond measure that would give veterans lower interest rates when they buy homes.

With 99 percent of precincts reporting, 70 percent of voters said yes to $500 million in state guaranteed mortgage bonds for qualified veterans. Thirty percent of voters were opposed.

Tuesday's election was the fifth time voters approved the veterans mortgage bonds, offered through the Alaska Housing Finance Corp. and guaranteed by the state. The federal government makes the bonds tax exempt, which means they can be issued at a lower interest rate.

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