The $11 billion of additional private-activity bond capacity that Congress approved for housing in recently enacted legislation will be divided among U.S. territories as well as states and will therefore increase each of their PAB caps by 37.9% by the end of the calendar year.

An earlier story published by The Bond Buyer that had said state caps would increase by 38.6% did not take into account the U.S. territories - Puerto Rico, Guam, the U.S. Virgin Islands, and American Samoa.

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