How Do Housing Bonds Work?

Housing bonds are typically low-interest bonds that can be issued as a fixed-rate or variable-rate demand obligation (VRDO). Bondholders are paid principle and interest from pledged mortgage repayments and investment earnings. Borrower mortgage repayments are collected by the housing bond trustee, who invests the proceeds in short-term investments until the time comes to pay interest

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How Do HH Bonds Work?

Every six months, HH bonds pay interest. The bond’s value remains unchanged. When you bought the bond, you paid face value, and when you cash it, we pay you face value. To obtain service, dial toll-free 844-284-2676 and speak with a customer service professional. Representatives are available Monday through Friday, 8 a.m. to 6 p.m.

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