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The benefits of using Tax Exempt Bonds:
- Offers low-fixed interest rate with a 25- to 30-year term
- Proceeds fund all public infrastructure costs, such as roads, utilities and stormwater management
- Reduces cost of major infrastructure because roads, utilities and stormwater management systems can be installed completely at one time
- Provides financial benefits for homebuyers that facilitate sales
- The repayment of the development financing obligation may be assumed by homebuyers, which will increase development profits
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