California Treasurer Bill Lockyer said his office will move quickly to take advantage of recent federal legislation to increase private-activity bond volume caps and tax credit allocations for housing.

President Bush last week signed a housing bill into law that adds $11 billion to private-activity volume caps for single- and multifamily housing projects.

Subscribe Now

Independent and authoritative analysis and perspective for the bond buying industry.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.