CHICAGO -- The Illinois Housing Development Authority is tackling the problem of providing affordable multifamily housing in Illinois by leveraging state money to maximize the number of units that can be built.

The authority plans to sell $62.7 million of taxable Affordable Housing Program Trust Fund Bonds on Wednesday in a deal insured by AMBAC Indemnity Corp. and underwritten by Goldman, Sachs & Co.; Bear Stearns & Co.; and CS First Boston.

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