Infrastructure

At the start of 2020, banks once again have a new reason to consider their muni portfolios due to potential regulatory changes.

The New York City Housing Development Corp. plans to issue $375 million of housing impact bonds, a new category of sustainable development bonds.

House Transportation and Infrastructure Committee Chairman Peter DeFazio plans to introduce an outline for proposed national infrastructure legislation as early as Tuesday.

Andy Byford’s departure as MTA New York City Transit president rekindled questions about governance at one of the world’s largest mass transit agencies.

Andy Byford's resignation ends a two-year run marked by innovation and controversy.

Los Angeles Mayor Eric Garcetti said he "would like to see at least a couple of hundred billion dollars of new federal bonds."

Whether new dedicated revenue for the MTA or its higher total debt holds more sway in the capital markets remains an open question.

Gov. Tim Walz's plan relies on $2 billion of new general obligation borrowing.

Its top goal is to increase to $30 million the size of bank-qualified tax-exempt bond issues that can be sold to banks under favorable terms.

The California Debt Limit Allocation Committee wants more information on the request for $600 million of private activity bond allocation.