Charter Municipal Mortgage Acceptance Co., New York, has reported net income of $16.7 million ($0.37 per share) for the second quarter, a rise of about 31% from $12.8 million ($0.30 per share) for the second quarter of 2002.At the end of the second quarter, the affordable multifamily finance company had a revenue bond portfolio of 224 bonds valued at approximately $1.7 billion, the company said. "CharterMac had a very solid quarter for revenue bond acquisitions," said Stuart Boesky, CharterMac's president and chief executive officer. "Year to date, our acquisition volume is over $236 million, which is ahead of our origination volume at this point last year." CharterMac can be found online at http://www.chartermac.com.
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