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below-market interest rate

    0.01 sec.
below-market interest rate (BMIR)

Government-subsidized interest rate concessions offered to spur development,usually in a particular market segment,such as low-income housing,or in particular market areas,such as parts of the country heavily damaged by natural disasters.In the housing industry, the borrower is generally required to pass along the savings to consumers in the form of lower rents.



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The Housing Partnership Development Corporation, one of the nation's largest nonprofit producers of affordable housing, has obtained a $2 million below-market interest rate line of credit from Carver Federal Savings Bank.
The Arkansas Development Finance Authority is offering military veterans the opportunity to apply for below-market interest rate mortgages through its HomeToOwn Loan Program.
167(a) and favorable financing, stating that "[w]e have no problem equating a right to use money at a below-market interest rate with a right to use property at a below-market rental rate.
 
 
 
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