Aufsatz(elektronisch)#1Juni 1992
Selling CDBG Housing Rehab Loans in the Private Sector
In: Public budgeting & finance, Band 12, Heft 2, S. 59-69
ISSN: 1540-5850
The author examines three cities that have sold a portion of their CDBG housing rehabilitation loan portfolio to secondary mortgage markets and private banks to secure additional capital for their revolving loan funds. Through case studies, the article focuses on some of the key issues in these sales including discounting, assumption of default risk, and loan documentation. It is concluded that such markets may become of increasing importance in the future as a source for augmenting declining public sector funds.
