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Preferred term

mortgage credit certificates  

Definition

  • Government, especially at the state and local level, strives to help low- and moderate-income renter households become homeowners. Mortgage credit certificates offer a reduction in federal income taxes to eligible households, leaving more after-tax income for the purchase of a home. [Source: The Encyclopedia of Housing; Mortgage Credit Certificates]

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https://concepts.sagepub.com/social-science/concept/mortgage_credit_certificates

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