Our tax-exempt bond business, through MMA Capital Management, invests in tax-exempt bonds backed primarily by affordable multifamily housing projects.
The bonds we hold are fixed rate and unrated. Our bonds are also generally tax-exempt and collateralized by affordable multifamily rental properties. Substantially all of the rental units in these multifamily properties, which may be subsidized by the government, have tenant income and rent restrictions.
Michael Falcone is EVP of Hunt Investment Management where he is responsible for managing business units covering Renewable Energy and Tax-Exempt debt. He is also the CEO of MMA Capital Management, an investor in debt associated with affordable housing and renewable energy that is externally managed by Hunt Investment Management, where he is responsible for all aspect of general management.
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