Housing Finance: Expanding Capital for Affordable Multi-Family Housing

Housing Finance: Expanding Capital for Affordable Multi-Family Housing
ISBN-10
0788145207
ISBN-13
9780788145209
Pages
136
Language
English
Published
1997-06
Publisher
DIANE Publishing
Author
Judy A. England-Joseph

Description

Credit enhancements are mechanisms for transferring credit risk from one party to another, such as mortgage insurance. This process could expand the availability of capital to finance the construction of decent and affordable multifamily rental housing. This report examines: the problems that have led to the shortage of mortgage financing for such housing; the factors limiting the expansion of opportunities for financing multifamily housing; alternative forms of federal credit enhancements; and ways to estimate and limit the Federal government's exposure to risk in adopting specific credit enhancements. Charts and tables.

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