mortgage-backed revenue bond

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Mortgage-Backed Revenue 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 private entity. A mortgage-backed revenue bond is also called a housing bond.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved

mortgage-backed revenue bond

A municipal bond, the proceeds of which are used to provide funds to financial institutions for making mortgage loans at relatively low interest rates. Interest and principal on the bond are backed by borrower payments on the mortgages. As with other revenue bonds, the quality varies significantly among different issues of these securities. Also called housing bond.
Wall Street Words: An A to Z Guide to Investment Terms for Today's Investor by David L. Scott. Copyright © 2003 by Houghton Mifflin Company. Published by Houghton Mifflin Company. All rights reserved. All rights reserved.
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The 2017 Tax Cuts and Jobs Act eliminated sources of housing bonds and tax credits PLACE had planned to use to finance the Via project.
Banks in the country will be encouraged via the State Bank of Pakistan for investment in the project and funds can also be raised via the issuance of sub-sovereign bonds, municipality housing bonds etc.
We expect the debt decline will slow due to the gradual repurchase of social housing bonds (outstanding amount DKK180 billion; 8.5% of GDP) over the medium term.
The Minnesota Housing Finance Authority would receive $80 million worth of housing bonds, of which $50 million would be earmarked for "supportive housing" for people with behavioral troubles.<br />Also receiving big bonding would be higher-education projects, almost $215 million, and water infrastructure, $120 million.
A 10 per cent residential withholding tax will be levied on the gross amount payable in case of housing bonds of up to Sh300,000 and stamped duty fees on mortgages reduced from 0.2 per cent to 0.1.
We were encouraged and take as recognition of our work that the final tax reform legislation passed by Congress retained both private activity tax-exempt bonds, including single-family and multifamily housing bonds, and the Low Income Housing Tax Credit, Heckles said in an emailed statement.
Another major impact of the proposal is that it eliminates the tax exemption for housing bonds. Such bonds are an example of an effective federal public/private partnership program in which state-designed and -managed initiatives, funded with bonds, stimulate private investment in needed housing development and acquisition.
Rogozinski also previously was a Vice President at Greystone, where he was responsible for securitization programs for student loans, municipal housing bonds and other tax-exempt assets.
He has deep experience with multi-family housing bonds, special service area and special assessment financings, and sales tax revenue bonds.
Raphael, who has broad experience with multi-family housing bonds, special service area and special assessment financings, as well as sales tax revenue bonds, was previously head of municipal structured finance with William Blair.
The total value of transactions of government, companies and housing bonds amounted to LE 3.9 billion in the same period, while net purchases by Arab and foreign buyers were valued at LE 4.8 billion.

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