A high ranking Treasury official has assured Sen. Frank Lautenberg, D-N.J., that the department will consider his proposal to increase available financing for rehabilitating affordable housing units damaged by Hurricane Sandy.

Separately, Joseph Grant, acting commissioner of the Internal Revenue Service’s Tax-Exempt and Government Entities division told Sen. Bill Nelson, D-Fla., that the agency is not contemplating tax guidance on whether community development districts are political subdivisions.

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.