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Books > Business & Economics > Finance & accounting > Finance > Public finance
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Mortgage Revenue Bonds - Housing Markets, Home Buyers and Public Policy (Paperback, Softcover reprint of the original 1st ed. 1992)
Loot Price: R2,946
Discovery Miles 29 460
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Mortgage Revenue Bonds - Housing Markets, Home Buyers and Public Policy (Paperback, Softcover reprint of the original 1st ed. 1992)
Series: Current Issues in Real Estate Finance and Economics, 2
Expected to ship within 10 - 15 working days
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This book brings together much of the best policy-oriented research
on state and local mortgage revenue bond (MRB) programs. Most of
this re search was conducted to evaluate the impact of MRB
subsidies on housing markets and potential home buyers. All of the
research is concerned with the "so what" question often ignored by
economists: it addresses the implications of the research results
for public policy decisions concerning MRBs. The need for this book
becomes apparent when reading the transcripts of congressional
hearings on MRBs. At those hearings, the policy debate seems
underinformed. Aside from discussions of the General Accounting
Office's periodic evaluations of MRB programs and impassioned
rebuttals by MRB proponents, the hearing testimony consists mostly
of assertions and anecdotal evidence, with some "yes MRBs work" and
"no they don't" exchanges. Although the research in this book may
not improve the level of the policy debate on MRBs, it can inform
decision makers, experts, and citizens interested in housing policy
about issues that should be examined when considering the future of
MRBs. Also, it can point other researchers interested in housing
policy in the direction of the questions about MRB programs that
need additional attention."
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