SONYMA finances its programs through the sale of tax-exempt bonds. This allows SONYMA to finance mortgage loans purchased by SONYMA at rates of interest below conventional market rates. Federal law provides that homeowners who receive a loan financed with proceeds from the sale of tax-exempt bonds may be required to repay a portion of the “interest subsidy” at the time of the sale or disposition of the home. The objective of the recapture tax is to enable the federal government to collect, or recapture, an amount based on the difference between what the borrower paid in interest on the loan financed from the proceeds of the sale of tax-exempt bonds and what he/she would have paid if a market rate mortgage loan had been obtained. The recapture tax is generally due upon any sale or disposition of the home. The recapture tax may be reduced or eliminated depending upon whether the borrower’s family income for the year in which the home is sold or disposed exceeds the “adjusted qualifying i