Tax-exempt Mortgage Revenue Bonds: Hearing Before the Subcommittee on Housing and Urban Affairs of the Committee on Banking, Housing, and Urban Affairs, United States Senate, Ninety-sixth Congress, First Session ... June 12, 1979 |
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Common terms and phrases
Aa AA Alaska amount Appendix areas basis points billion bond financing bond issues bond proceeds bond programs borrowing costs buyers Chairman CHFA Committee Congressional Budget Office cont'd County CSHA dollar effective loan rate exempt Fannie Mae Federal fees funds HELMBRECHT home improvement homebuyers homeownership households Housing Agencies Housing Finance Agency impact income limits increase interest cost interest rates intermediaries investors issuer Jan-Mar lenders Loan Limit low and moderate median income Minneapolis MMRB issues MMRB programs monthly payment mortgage assistance Mortgage Bankers Mortgage Bankers Association Mortgage Finance mortgage loans mortgage market mortgage revenue bonds multifamily housing municipal bond N/R AA neighborhoods percent purchase price quarter quarterly average savings and loan Sebastian County sector Senator WILLIAMS SHFA single family Subcommittee subsidy Table tax-exempt bonds tax-exempt housing bonds tax-exempt market tax-exempt mortgage bonds taxable term underwriting Urban volume yield spread АА
Popular passages
Page 26 - inserting after subsection (f) the following new subsection: "(g) MORTGAGE REVENUE BONDS.— "(1) IN GENERAL.—Except as provided in paragraph (3) and (4), any mortgage revenue bond shall be treated as an obligation not described in subsection (a) (1) or (2). "(2)
Page 27 - shall not apply to any obligation— "(A) which is issued as part of an issue substantially all the proceeds of which are to be used directly or indirectly to provide residences for veterans or other persons, and
Page 29 - New subsection (gX2) of the Code would define mortgage revenue bonds (in a manner similar to the definition of "mortgage subsidy bonds ' set forth in HR 3712) as any obligation which is part of an issue all or substantially all of the proceeds of which are to be used directly or indirectly to make mortgage loans or to provide other owner financing with respect to owner-occupied residences.
Page 242 - underwriting policies (which will meet the then current requirements of either the Federal National Mortgage Association or the Federal Home Loan Mortgage Corporation)
Page 26 - of America in Congress assembled, SECTION 1. MORTGAGE REVENUE BONDS. Section 103 of the Internal Revenue Code of 1954 (relating to interest on certain governmental obligations) is amended by redesignating subsection (g) as subsection (h) and
Page 223 - quasi-governmental institutions; namely, the Federal National Mortgage Association (FNMA) and the Federal Home Loan Mortgage Corporation (FHLMC), which
Page 47 - through the spatial deconcentration of housing opportunities for persons of lower income and the revitalization of deteriorating or deteriorated neighborhoods to attract persons of higher income.
Page 19 - is authorized to make construction and permanent residential loans, to purchase permanent residential mortgage loans and to issue bonds and notes to effectuate the purpose of increasing the supply of decent, safe, and sanitary housing for persons of lower and moderate income and promoting the economic growth
Page 273 - of work; $62.5 million in Federal Personal Income Tax; $34.6 million in Federal Corporate Income Tax; $8.5 million in State Income Tax; $21.6 million in Local Real Estate Taxes; and $592.0 million in indirect wages (which will
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