24 Pages Posted: 14 Nov 2011
Date Written: 1997
From the 1930s to the 1990s, the federal government played the primary role in providing financing for affordable housing through support for long-term mortgages, mortgage insurance programs, and public-housing facilities. Beginning in the 1990s, this role shifted to state governments. In order to meet this new responsibility, states must find dedicated, reliable sources of income to fund safe, decent, and affordable housing for its residents. This article offers some potential sources for a dedicated source of revenue, including the real estate transfer tax and the recording tax on security deeds, to fund state housing programs.
Keywords: real estate, finance, foreclosure, affordable housing, public mortgage, tax revenue
Suggested Citation: Suggested Citation
Alexander, Frank S., Financing Affordable Housing in Georgia: The Possibility of a Dedicated Revenue Source (1997). Georgia State University Law Review, Vol. 13, p. 363, 1997. Available at SSRN: https://ssrn.com/abstract=1959479