housing bond

Housing bond

Bonds issued by a local housing authority to finance housing projects.

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.

housing bond

References in periodicals archive ?
The IDBZ, which is mandated to support infrastructure development projects in the country, has been successful to secure $5 million in 2015 via floating its first housing bond through private placement.
Indeed, the Labour Party's policy announcement last weekend on the Future Homes Fund is, as has been widely reported, effectively the revival of the concept of the housing bond itself.
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.
When the Los Angeles City Council placed a $1 billion housing bond on the last ballot, the millions to support the bond came from developers who expected to receive contracts if the measure had been approved.
For the housing bond, Los Angeles County officials said it is hard to determine how much the region might get.
However, the rating is constrained by the halt in construction works of the recreational centre, as well as UBK's lack of experience in housing bond redemption.
Los Angeles officials said Wednesday they will reassess how to deal with the city's affordable-housing crisis after voters rejected a $1 billion housing bond on Tuesday's ballot.
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.
residents, there's even more at stake, including the fate of a housing bond (Measure H) and the current two-term limit for City Council members (Measure R).

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