Rationing Eligibility for Mortgage Bond Loans

  • James C. Ratzenberger
Part of the Current Issues in Real Estate and Economics book series (IREF, volume 2)


The “output side” of mortgage revenue bond (MRB) assistance has been studied extensively.1 That is, much has been written about the financial and demographic characteristics of first-time buyers who receive MRB loans and the extent to which this assistance materially affects home ownership. However, less is known about the “input side” of the equation: how the housing-finance agencies that issue these bonds ration eligibility for MRB loans. Information from this perspective can provide insight into how state and local housing-finance agencies manage these high-demand programs that have had extensive statutory flexibility to determine who may be served.


Eligibility Requirement Income Limit General Account Office Bond Fund Home Buyer 
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Copyright information

© Springer Science+Business Media New York 1992

Authors and Affiliations

  • James C. Ratzenberger

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