Private-activity bond capacity in Massachusetts jumped by $333 million in 2009, with the state's total PAB volume increasing to $918 million compared to the $585 million available last year.

The hike in capacity is a result of a higher allocation from the Internal Revenue Service and $130 million of unused PAB volume from prior years due to limited market access in 2008, and $201 million of additional affordable housing borrowing allocated through the federal Housing and Economic Recovery Act of 2008, according to Jay Gonzalez, undersecretary of the Executive Office for Administration and Finance.

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