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Growing Trend of HUD Capital Grant-Backed Housing Bonds Offer Win-Win For Investors, Communities By Matthew Lewin, Partner, Chapman and Cutler

A $291 million bond issue by the Chicago Housing Authority (CHA) in December 2001 represented the first such issue by a public housing authority (PHA) in decades. A little more than a year later, smaller PHAs are preparing their own bond issues by banding together and committing their combined...

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