The term used in the Code to describe any bond issued as part of a bond issue that meets both of the private business tests or meets the private loan financing test.
Mortgage Revenue Bond
A Bond issued by a state, certain agencies or authorities or Political Subdivisions to make or purchase loans (including mortgage or other owner financing) with respect to single-family or multifamily residences. As indicated by the name, a principal source of security for the Bonds is mortgages on the financed properties. A Mortgage Revenue Bond may also refer to Bonds issued to finance the construction or acquisition of a public utility.
All the Bonds
Learn more about the various types of municipal obligations you may encounter.