Bonds for the American Dream: A Political History of Single-Family Mortgage Revenue Bond Programs
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Single-family mortgage revenue bonds (MRBs) first inspired furious controversy in 1978 when state and local governments started selling them in huge amounts. The supporters of MRBs asserted that the bond programs effectively helped renters become owners. MRB opponents disagreed: they claimed that the bond programs wasted tax money, helping mainly the real estate industry and families that could already afford to buy houses.
KeywordsMortgage Loan Housing Program Bond Issue Municipal Bond Treasury Department
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