Tax-Exempt Bonds: Retirement Center Bonds Were Risky and Benefited Moderate-Income Elderly

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DIANE Publishing, 1993 - 69 pages
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Reviews the extent to which charitable organizations use tax-exempt bonds for housing the elderly, identifies the characteristics of the housing facilities and residents, and determines the extent to which and reasons why housing facilities default on their tax-exempt bonds. Graphs and charts.

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Page 1 - If you have any questions about the report, please call me at (202) 275-6111.
Page 33 - ... developers generally had experience in developing commercial property but had never developed retirement centers. In two cases, the developers were bankers with no experience in the retirement industry. In one case, a company was selected that had provided consulting services in developing retirement 6 James L. Laughlin and S. Kelley Moseley, Retirement Housing: A Step-by-Step Approach (New York: John Wiley & Sons, 1989).

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