Mortgage Revenue Bonds

Rationale

In 1986 Congress gave states a maximum amount of power to issue tax-exempt bonds. A 1986 tax law set the cap at $50 per capita, with a minimum of $150 million for low population states. The revenue from tax-exempt bonds can be used for industrial development bonds, student loans, mortgages, and other investments. The percentage of private activity bonds that a state allocates for mortgage revenue bonds is a good indication of how that state prioritizes housing assistance.

About Measure

The percentage of state allocations of private-activity bonds for mortgage revenue bonds (in 2000).

Source

State allocations of private activity bonds in 2000. (July 2001). Bond Buyer, 337 (31176), 34.