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 NHFIC was established as part of the Turnbull Government's comprehensive housing package to operate an affordable housing bond aggregator for more private and institutional investment in lower-cost housing and cheaper and longer-term finance to registered community housing providers.
The Asian Development Bank (ADB) urged Developing Member Countries to develop housing bond markets to address the increase in housing demand and boost local bond markets.
The property formerly held a strip club and was purchased by the city of Portland using dollars from a $258 million affordable housing bond approved by voters in 2016.
Because the proposal is capital-intensive, economists propose the government to introduce a housing bond to help finance it.
Despite the current increase in profitability ratios from their financials and the decline in obligations to its housing bond programs, the increase is due to other programmatic efforts outside of mortgage lending.
Also, a comprehensive framework is being developed to ensure investors in affordable homes get reimbursement for the cost of laying infrastructure such as roads, water and electricity.But there is a need for a special cooperative housing bond to woo diaspora saccos.
The firm has raised INR10bn from Yes Bank in the country's maiden social affordable housing bond sale.
Charlie Baker, who chose the property as the backdrop for announcing a $1.3 billion housing bond bill to support similar projects throughout the state.
Aware of the difficult circumstance some families face, the House passed legislation and enacted numerous provisions to help residents secure safe and stable housing, including a $1.4 housing bond bill which modernizes public housing and allows for home modification for elderly or disabled home owners.
We are now seeing a surge in lending throughout the sector, particularly through the Welsh Housing Bond model, and are currently advising several housing associations on their requirements."
New methods of financing projects include a Local Government Borrowing Initiative and a Welsh Housing Bond to increase the supply of affordable homes.
In his new role, Kopsky will be responsible for sourcing and originating military housing bond issue transactions.

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