Options for subsidizing home purchase

At the request of several Russian banking officials, this paper provides information on subsidizing home purchases.

Daniell, Jennifer · 1992

Abstract

Three subsidy programs are discussed: interest rate subsidies, under which the government pays part of the interest payment on a mortgage loan; end of term subsidies, which pay off the remaining loan balance of an indexed mortgage after a given loan period; and downpayment subsidies, which provide funds, as a grant, to buyers making an initial payment at time of home purchase. (Author abstract)

Connected topics

Housing finance281→

Classification

Document type: Studies & Literature Reviews
DEC type: Other USAID Supported Study/Document
Geography: Russia
Subject: Housing finance
DEC terms: Housing creditHousing financeMortgagesSubsidies
Sponsoring organization: USAID. Bur. for Private Enterprise. Ofc. of Housing and Urban ProgramsUSAID. New Independent States Task Force
Authoring organization: Urban Institute (UI)
Language: English

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