Author: Publisher:
ISBN:
Category : Mortgage bonds
Languages : en
Pages : 42
Book Description
Mortgage Revenue Bonds
Author: D. DurningPublisher: Springer Science & Business Media
ISBN: 9401129746
Category : Business & Economics
Languages : en
Pages : 266
Book Description
This book brings together much of the best policy-oriented research on state and local mortgage revenue bond (MRB) programs. Most of this re search was conducted to evaluate the impact of MRB subsidies on housing markets and potential home buyers. All of the research is concerned with the "so what" question often ignored by economists: it addresses the implications of the research results for public policy decisions concerning MRBs. The need for this book becomes apparent when reading the transcripts of congressional hearings on MRBs. At those hearings, the policy debate seems underinformed. Aside from discussions of the General Accounting Office's periodic evaluations of MRB programs and impassioned rebuttals by MRB proponents, the hearing testimony consists mostly of assertions and anecdotal evidence, with some "yes MRBs work" and "no they don't" exchanges. Although the research in this book may not improve the level of the policy debate on MRBs, it can inform decision makers, experts, and citizens interested in housing policy about issues that should be examined when considering the future of MRBs. Also, it can point other researchers interested in housing policy in the direction of the questions about MRB programs that need additional attention.
The Costs and Benefits of Single-family Mortgage Revenue Bonds
Author: United States. General Accounting OfficePublisher:
ISBN:
Category : Housing, Single family
Languages : en
Pages : 44
Book Description
Mortgage Revenue Bonds
Author: Tax-exempt Mortgage Revenue Bonds
Author: United States. Congress. Senate. Committee on Banking, Housing, and Urban Affairs. Subcommittee on Housing and Urban AffairsPublisher:
ISBN:
Category : Housing
Languages : en
Pages : 348
Book Description
Home Ownership
Author: Local Mortgage Revenue Bonds
Author: John A. TuccilloPublisher:
ISBN: 9780877662525
Category : Mortgage bonds
Languages : en
Pages : 46
Book Description
The Costs and Benefits of Single Family Mortgage Revenue Bonds
Author: U S Government Accountability Office (GPublisher: BiblioGov
ISBN: 9781289069599
Category :
Languages : en
Pages : 40
Book Description
In response to a congressional request, GAO analyzed the loan activity of 40 State and local bond issuers that borrowed in the tax-exempt market between December 1981 and July 1982 and provided preliminary information regarding: (1) the extent to which lower income homebuyers are benefiting from the mortgage revenue bonds; (2) the effectiveness of Federal purchase price ceilings and State and local income limits in targeting loans to the intended households; and (3) the efficiency of mortgage revenue bonds in general. Preliminary analysis indicated that mortgage revenue bonds are costly when compared with both the benefits they provide and the costs of similar alternatives. This is because tax-exempt housing bonds also provide large tax savings to bond purchasers. GAO calculations indicate that the long-term revenue loss to the Treasury could be roughly four times the benefit provided to homebuyers in the form of reduced monthly mortgage payments. Direct grants to lenders would substantially reduce Federal costs while still providing equivalent mortgage interest savings to homebuyers. A carefully structured tax-credit for homebuyers could also have the same effect. Mortgage revenue bond proponents argue that the positive economic effects of additional home purchases outweigh the cost. GAO found that a high percentage of tax-exempt subsidized homebuyers would have bought without subsidy. GAO also found that most subsidized home loans were not made to low- and moderate-income households, but rather to those who probably could have purchased homes without assistance. In the absence of Federal income guidelines, State and local jurisdictions have set their own income ceilings, and most jurisdictions set ceilings that allow the participation of relatively affluent households.
Mortgage Revenue Bond Advisory Committee's Report on City of Chicago Mortgage Revenue Bond Program
Author: Chicago (Ill.). Mortgage Revenue Bond Advisory CommitteePublisher:
ISBN:
Category : Bonds
Languages : en
Pages : 49
Book Description
Tax Treatment of Mortgage Subsidy Bonds
Author: United States. Congress. House. Committee on Ways and MeansPublisher:
ISBN:
Category : Housing
Languages : en
Pages : 380
Book Description
Tax Treatment of Mortgage Subsidy Bonds
Author: United States. Congress. House. Committee on Ways and MeansPublisher:
ISBN:
Category : Housing
Languages : en
Pages : 380
Book Description