Download or read book The Costs and Benefits of Single family Mortgage Revenue Bonds written by United States. General Accounting Office and published by . This book was released on 1983 with total page 44 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book The Costs and Benefits of Single Family Mortgage Revenue Bonds written by U S Government Accountability Office (G and published by BiblioGov. This book was released on 2013-06 with total page 40 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.
Download or read book Costs and Benefits of Single Family Mortgage Revenue Bonds written by and published by . This book was released on 1983 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book The Costs and Benefits of Single family Mortgage Revenue Bonds written by United States. General Accounting Office and published by . This book was released on 1983 with total page 28 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Home Ownership written by United States. General Accounting Office and published by . This book was released on 1988 with total page 28 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Tax exempt Bonds for Single family Housing written by United States. Congressional Budget Office and published by . This book was released on 1979 with total page 136 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Tax exempt Mortgage Revenue Bonds written by United States. Congress. Senate. Committee on Banking, Housing, and Urban Affairs. Subcommittee on Housing and Urban Affairs and published by . This book was released on 1979 with total page 336 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Who Benefits from Single family Housing Bonds written by Margaret Tucker Wrightson and published by . This book was released on 1988 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Mortgage Revenue Bonds written by D. Durning and published by Springer Science & Business Media. This book was released on 2012-12-06 with total page 266 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.
Download or read book Housing Finance Opportunity Act and Denial of Tax Exemption to Certain Bonds Guaranteed by Federal Agencies written by United States. Congress. Senate. Committee on Finance. Subcommittee on Taxation and Debt Management and published by . This book was released on 1983 with total page 416 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Housing Finance Review written by and published by . This book was released on 1984 with total page 498 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Mortgage Revenue Bonds written by and published by . This book was released on 1980 with total page 42 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Housing America in the 1980s written by John S. Adams and published by Russell Sage Foundation. This book was released on 1988-05-16 with total page 347 pages. Available in PDF, EPUB and Kindle. Book excerpt: Housing provides shelter, in a variety of forms, but it is also resonant with meaning on many other levels--as a financial asset, a status symbol, an expression of private aspirations and identities, a means of inclusion or exclusion, and finally as a battleground for social change. John Adams' impressive new study explores this complex topic in all its dimensions. Using census data and other housing surveys, Adams describes the recent history of housing in America; the nature of housing supply and demand; patterns of housing use; and selected housing policy questions. Adams supplements this national and regional analysis with a remarkable set of small-area analyses, revealing how neighborhood settings affect housing use and how market forces and other trends interact to shape a neighborhood. These analyses focus on a sample of over fifty urbanized areas, including the nation's three largest cities (New York, Los Angeles, and Chicago). Special two-color maps illustrate the dynamics of housing use in each of these communities. Clearly and insightfully, this volume paints a unique picture of the American "housing landscape," a landscape that reflects and regulates significant aspects of our national life. A Volume in the Russell Sage Foundation Census Series
Download or read book Single family Mortgage Revenue Bonds written by Lee Webb and published by . This book was released on 1983-01-01 with total page 38 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Trends in Municipal Financing and the Use of Tax exempt Bonds to Finance Private Activities written by United States. Congress. House. Committee on Ways and Means and published by . This book was released on 1984 with total page 748 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book GAO Documents written by United States. General Accounting Office and published by . This book was released on 1983 with total page 452 pages. Available in PDF, EPUB and Kindle. Book excerpt: Catalog of reports, decisions and opinions, testimonies and speeches.
Download or read book Administration s Fiscal Year 1984 Budget Proposals II Tax expenditures written by United States. Congress. Senate. Committee on Finance and published by . This book was released on 1983 with total page 482 pages. Available in PDF, EPUB and Kindle. Book excerpt:
