Massachusetts officials Monday announced the state's 2008 private-activity bond capacity allocations, with the affordable housing sector receiving the largest boost in financing.

Of the Bay State's overall $585 million of PAB volume capacity for the current year, the Massachusetts Housing Finance Agency received the largest distribution, $270 million, followed by the Massachusetts Development Finance Agency with $185 million, and the Massachusetts Educational Financing Authority with $90.3 million. In addition, the state reserved $40 million for public 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.