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Housing Bond |
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Housing bond
Housing Bond A municipal bond that is issued in order to finance low-cost mortgages for residents of the municipality. The bonds are guaranteed by the payments made on these mortgages. In many ways, they are similar to mortgage-backed securities, but they are issued by a local government, instead of another entity. They are also called mortgaged-backed revenue bonds. How to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit webmaster's page for free fun content. |
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And its Measure H housing bond went down in flames at the polls, precisely because the public was unwilling to give more money to a city government that does so little with the money it already has. The state housing bond will help, but it won't provide L. A major advantage of the housing bond program is that the capital invested could be made available for reduced intezest-rate mortgages by the government for first-time purchasers of new homes, explains Katz. |
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