The Single Family Mortgage Revenue Bond program
is currently rated Aa2.
Spivey is the executive director of the Mississippi Home Corporation where he oversees day-to-day operations and leads the development and administration of statewide initiatives including the Mortgage Revenue Bond program
and the Housing Tax Credit program.
He provides executive leadership in the development and administration of all of MHC's statewide housing programs, including the mortgage revenue bond program
and the housing tax credit program.
In that capacity, MHC administers the Mortgage Revenue Bond program
and the Housing Tax Credit program, among others.
* Expansion of the mortgage revenue bond program
. Expanding the cap for mortgage revenue bonds by an additional $10 billion, as well as modifying the rules so that state housing finance agencies may use the proceeds of the bonds to refinance troubled mortgages, would reduce the number of foreclosures, help home owners stay in their homes and protect local property prices.
* the home-to-own single-family mortgage revenue bond program
MBA also supports recommendations to improve and streamline existing programs, including: reforming the HOME and Low-Income Housing Tax Credit programs and increasing funding for HOME; improving the Mortgage Revenue Bond Program
; and revising federal budget laws that deter affordable housing production and preservation.
After a year of credit counseling and with the assistance of the Florida state mortgage revenue bond program
and the city of Lakeland's downpayment assistance program, the Jeffersons received their best Christmas present ever.
(15.) Examiners discussed the SunTrust Affordable Housing Program, a proprietary program providing down payment assistance, flexible debt ratios, below market interest rates, and no mortgage insurance; the Community Home Buyers Program, a proprietary program offering flexible debt ratios and no discount points or origination fees; and the Florida Housing Finance Agency Homeowner Mortgage Revenue Bond Program
, a statewide program that offers a below market interest rate and down payment assistance.
Finally, approving a temporary $10 billion expansion of the mortgage revenue bond program
, which is included in both the Senate and House bills, would also help strapped borrowers seeking to refinance their own homes, he said.
Buyers and renters will benefit from permanent extension of two key housing programs that had expired in mid-1992: The mortgage revenue bond program
, which channels mortgage money at below-market rates to moderate-income home buyers; and the low-income housing tax credit program, which supports rental housing production for lower-income households.
Seiders also urged the Senate Finance Committee to consider the following changes to tax policy in order to get housing moving again: Expand the mortgage revenue bond program
to be used for either home purchases or refinancing of existing mortgages to help strapped borrowers.