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Capitalization of the Benefits of Mortgage Revenue Bond Financing: Lessons from Empirical Research

  • Kirk McClure
Chapter
  • 38 Downloads
Part of the Current Issues in Real Estate and Economics book series (IREF, volume 2)

Abstract

In recent years, a series of studies have investigated the extent to which sellers of homes raise the selling prices if the buyers have financing from mortgage revenue bond (MRB) funds. By raising the price, an individual seller captures the benefits of MRB financing that are intended for the buyer.1 These studies have concluded that some or all of these benefits are misallocated, at the expense of the intended population of moderate-income home buyers, to the financial gain of the sellers.

Keywords

Target Area Selling Price Sales Price Fair Market Hedonic Price Model 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.

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Copyright information

© Springer Science+Business Media New York 1992

Authors and Affiliations

  • Kirk McClure

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