Mortgage Revenue Bonds: Housing Markets, Home Buyers and Public PolicyD. Durning Springer Science & Business Media, 30. stu 1991. - Broj stranica: 276 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. |
Sadržaj
Bonds for the American Dream A Political History of SingleFamily Mortgage Revenue Bond Programs | 3 |
Rationing Eligibility for Mortgage Bond Loans | 61 |
How Effective Are MRB Programs? | 73 |
Economic Policy Analysis of Mortgage Revenue Bonds | 75 |
Policy Instruments and Policy Outcomes Comparing the Arguments for Mortgage Revenue Bonds With Their Policy Results | 89 |
The Value of Mortgage Interest Subsidies to Participants in the SingleFamily Mortgage Revenue Bond Program of a State Housing Finance Agency | 113 |
Program Effectiveness of Mortgage Revenue Bonds in a Changing Economic Environment | 125 |
An Alternative to Mortgage Revenue Bonds An Evaluation of the Mortgage Credit Certificate Program in North Carolina | 135 |
Behavioral Responses to Mortgage Revenue Bond Subsidies Effects on Efficiency and Distribution | 187 |
Capitalization of the Benefits of Mortgage Revenue Bond Financing Lessons from Empirical Research | 211 |
Mortgage Revenue Bonds and Local Housing Markets | 225 |
What Should the Future of MRBs Be? | 241 |
The Economics of Mortgage Revenue Bonds A Still Small Voice | 243 |
MRBs Should Be Continued Because They Work Work Well and Work Efficiently | 247 |
The Future of Mortgage Revenue Bonds Where Do We Go From Here? | 255 |
References | 261 |
The Effects of MRBs on Housing Markets | 161 |
Capitization and Mortgage Revenue Bonds Methodology Empirical Evidence and Policy Implications | 163 |
Ostala izdanja - Prikaži sve
Mortgage Revenue Bonds: Housing Markets, Home Buyers and Public Policy D. Durning Ograničeni pregled - 2012 |
Mortgage Revenue Bonds: Housing Markets, Home Buyers and Public Policy D. Durning Pregled nije dostupan - 2012 |
Uobičajeni izrazi i fraze
after-tax amount assistance assumptions average basis points below-market financing benefits of MRB bond financing bond issue bond programs borrowers builders capitalization rate chapter coefficient condominium conventional loans conventional mortgage cost Development discount Durning E.F. Hutton economic eligible equation equivalent variation estimated federal FHA loans financed with MRB first-time buyers first-time home buyers fixed-rate HFAs home ownership house prices households receiving Housing Finance Agency housing market housing programs income limits increase investors issue MRBS legislation lenders Little Rock marginal tax rate market rate market-rate loans MCC recipients million mortgage credit mortgage interest mortgage loans Mortgage Revenue Bonds mortgage tax credit MRB financing MRB funds MRB issue MRB programs MRB subsidies MRB supporters NCHFA North Carolina qualified ratio receiving MRB loans reduced S/AP sales price sample sellers SHFAs Sirmans Table target areas tax reform tax-exempt bonds taxable bonds Treasury U.S. Congress underwriting variable