WASHINGTON -- A private nonprofit organization recently purchased two apartment complexes from the Resolution Trust Corp. using tax-exempt financing, in what apparently is the first deal of its kind, an RTC official said last week.

The organizatiion, Volunteers of America, acquired two multifamily housing complexes in New Orleans with financing from $13.25 million of 501(c)(3) bonds, said Sheldon Schreiberg, a partner with the law firm of Brownstein Zeidman and Schomer, which represents the group.

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