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Trend in TaxExempt Bonds Issued to Finance
Retirement Center Bond Default Trends
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221 facilities assisted living average Bond Investors Association bonds were issued Brian Donnelly cable television charitable organizations construction CONTINUE WITH QUESTION Costly and Serves credit enhancements David Pryor debt debt-financed Despite Tax-Exempt Bonds dollar Employer Identification entrance and monthly equity facilities housed residents facilities offered facility defaulted fees charged finance housing for-profit housing facilities Housing Is Costly identified Income Elderly industry officials Inexperienced Developers interest rates issued on behalf living arrangements low-income Market Projections Increase Medicaid moux nursing home occupancy rates Overestimated Market Projections Percent of facilities Projections Increase Risk provide housing Questionnaire Summary Responses Reasons for Default require retirement center bond retirement facilities retirement housing revenue bonds Risk of Default Serves Primarily Moderate soft costs sources of funds studio/efficiency study project number subsidies survey tax-exempt bond financing tax-exempt bond issue total funds total number type of unit U.S. Census Bureau ua3jaj vulnerable to default Weak Financial Structure