The Role of Consistent Implementation of Policy: An Assessment of the Section 502 Low-Income Homeownership Program
Levy Economics Institute Working Paper No. 106
43 Pages Posted: 26 Oct 1998
Date Written: March 1994
This working paper provides an ex post evaluation of the Section 502 Low-Income Home Ownership program of the Farmer's Home Administration (FmHA). Using a fully specified multivariate analysis, the evaluation specifically seeks to analyze the program's delivery system and the effect of that system on reaching the program's stated goals. That is, does the program live up to and is it consistent with its stated goals, what is the quality of program implementation, and how does implementation quality relate to mortgage performance? The authors are particularly interested in what factors had strong effects on the likelihood of default.
JEL Classification: R31
Suggested Citation: Suggested Citation