The Illinois Housing Development Authority said its sale of $19 million of multifamily housing bonds would finance a 144-unit supportive housing development south of Chicago for seniors.
Ahead of the sale, Moody’s Investors Service assigned a Aaa to the bonds.
The rating was primarily based on the high-quality security provided by the Federal Housing Adminstration’s risk sharing credit enhancement for the mortgage loan, legal security features and cash-flow projections provided by the issuer.
The board approved that step at its second quarter board meeting held this week.
The Inflation Reduction Act, affordable housing and clean energy were among the topics discussed at Baker Tilly's DevelUP conference in Chicago this week.
The replacement Hollywood Burbank Airport terminal won't have more gates, but will be less cramped and resolve its noncompliance with FAA safety regulations.
"Folloing recent yield moves, a generic muni index is now down 1% on the month with no real sub-sector showing much deviation from that result," said Kim Olsan, senior vice president of trading at FHN Financial.
The law firm revealed 2024 promotions.
As the nation's fourth largest city faces a growing structural budget deficit, it is also expecting to issue more than $3 billion of debt for its airport, water and sewer system, convention center, as well as to fund a settlement with firefighters and for cash-flow purposes.
