Mortgage Revenue Bond Loan or bond loan is a type of mortgage loan where the cost of borrowing is partially subsidized by a mortgage income bond . However, in order to reduce the burden of borrowing on the borrower, the borrower may be able to finance the borrower. In the United States , mortgage revenue bond loans-have supported an average of 100,000 home purchases Single for low-income buyers entre 1986 and 2006. [1] returned Example mortgage bond loan programs include the Los Angeles Housing Department’s mortgage revenue bond program, [2] The Arizona Housing Finance Authority Mortgage Revenue Bond Program, [3] and the Texas State Affordable Housing Corporation Professional Educators’ Single Family Mortgage Revenue Bond Program. [4]

References

  1. Jump up^ Garriga, Carlos ; Gavin, William ; Schlagenhauf, Don (September-October 2006). “Recent Trends in Homeownership” (PDF) . Federal Reserve Bank of St. Louis Review . 88 (5): 397-411.
  2. Jump up^ “Mortgage Revenue Bond Program” . Los Angeles Housing Department . 2006-03-01 . Retrieved 2007-02-24 .
  3. Jump up^ Barrón, Alicia (2007-02-22). “Governor announces $ 25 million to help first-time homebuyers” . Fox 11 News . Retrieved 2007-02-24 .
  4. Jump up^ “Texas State Affordable Housing Corporation Professional Educators Single Family Mortgage Revenue Bond Program” . Countrywide Mortgage Revenue Bonds . 2007-02-01 . Retrieved 2007-02-24 .