Securities and Exchange Commission, affirmed the ratings of New York City Housing Development Corporation multi-family mortgage revenue bonds
, series 2014 (BAMLL 2014-8SPR).
As HDC president, he led one of the nation's most active Housing Finance Agencies and the largest municipal issuer of mortgage revenue bonds
for affordable multifamily housing.
In addition, S&P affirmed its long-term with a stable outlook and underlying ratings on the authority s outstanding Homeowner Mortgage Revenue Bonds
(MRB) program, and multifamily housing bonds program.
America First Tax Exempt Investors is engaged in acquiring, holding, selling and dealing with a portfolio of federally tax-exempt mortgage revenue bonds
that have been issued to ensure construction and/or permanent funding of multifamily residential flats.
They have purchased commercial mortgage-backed securities (CMBS), low-income housing tax credits (LIHTC), pools of seasoned multifamily mortgages, mortgage revenue bonds
and other multifamily financing vehicles.
America First Tax Exempt Investors LP, a company that buys and sells tax-exempt mortgage revenue bonds
, has announced that it has received funding from Freddie Mac.
Homeowners will also be allowed to tap into funds from Mortgage Revenue Bonds
for home repairs.
In addition to trimming back the homeownership incentives originally proposed, the bill also expands and improves the Low-Income Housing Tax Credit program (LIHTC) and temporarily increases the tax-exempt private-activity bond cap for multifamily and mortgage revenue bonds
by $11 billion for 2008.
Mortgage revenue bonds
. KETRA waived the first-time home buyer requirement for eligibility for low-interest-rate mortgages and allowed up to $150,000 of loan proceeds to be used to repair Hurricane Katrina-damaged homes.
Originating prior to 1970, the "private activity" rules generally apply to conduit borrowers of all types of tax-exempt debt, including exempt facility bonds; mortgage revenue bonds
; small issue bonds; student loan bonds, and, redevelopment bonds as well as qualified 501(c)(3) bonds.
Today we have many powerful tools that did not exist years ago, including low income housing tax credits, mortgage revenue bonds
, special needs programs, Federal Home Loan Bank awards, philanthropic grants, subsidized second mortgages and plenty of local government housing assistance products.
Artur Davis (D-Ala.) co-sponsored, and the subcommittee approved, an amendment revising the formula for allocating funds to include past local efforts using CDBG, HOME, mortgage revenue bonds
and local financial assistance to provide downpayment assistance to low income households.