Financing Rate
The financing rate shall be the affordability index divided by 200
multiplied by the market rate for interest as established using the
Thomson Publishing Corporation’s “Bond Buyer” 20-Bond GO Index. The
maximum financing rate shall be limited to 80% of the market rate. The
market rate (20-Bond GO Index) is established by the Department as of
January 1, April 1, July 1, and October 1 of each year. It is the average
weekly yield during the three months immediately preceding the date of
determination. The average weekly yield is derived from the yields
reported in the “Bond Buyer” for the full weeks occurring during the
three-month period. [Chapter 62-503.300 (8)]. Typically rates are
60% or less.
Affordability Index means the empirical number that is generated for a
project sponsor using the computer model entitled “Final Report
Statistical Wt. – No Sales”, which is based on a combination of the most
recent median household income, poverty and unemployment census statistics
for local governments. [Chapter 62-503.200 (2)].
CWSRF Financing Rate Trends
| Date |
Average
Weekly |
80% |
60% |
| July 1, through September 30, 2008
(Current Rate) |
4.64% |
3.71%
|
2.79%
|
| April 1, through June 30, 2008 |
4.61% |
3.69% |
2.77
% |
| January 1, through March 31, 2008 |
4.43% |
3.55% |
2.66% |
| October 1, through December 31, 2007 |
4.58% |
3.67% |
2.75% |
| July 1, through September 30, 2007 |
4.40% |
3.52% |
2.64% |
| April 1, through June 30, 2007 |
4.20% |
3.36% |
2.52% |
| January 1, 2007 - March 31, 2007 |
4.18% |
3.34% |
2.51% |
| October 1, - December 31, 2006 |
4.40% |
3.52% |
2.64% |
| July 1, 2006 - September 30, 2006 |
4.59% |
3.67% |
2.75% |
| April 1, 2006 - June 30, 2006 |
4.41% |
3.53% |
2.65% |
| January 1, 2006 - March 31, 2006 |
4.51% |
3.61% |
2.71% |
| October 1, 2005 - December 31, 2005 |
4.30% |
3.44% |
2.58% |
| July 1, 2005 - September 30, 2005 |
4.33% |
3.46% |
2.60% |
| April 1, 2005 -June 30, 2005 |
4.46% |
3.57% |
2.67% |
| January 1, 2005 - March 31, 2005 |
4.49% |
3.60% |
2.70% |
| October 1, 2004 - December 31, 2004 |
4.69% |
3.75% |
2.81% |
| July 1, 2004 - September 30, 2004 |
5.00% |
4.00% |
3.00% |
