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The bond's Official Statement warned not to expect payments on time.March 9
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Harvey, Illinois, is trying to reach settlements on legal claims being pursued by bondholders and on overdue Chicago water payments.March 4
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Judge John Cooper told the Florida Department of Transportation to increase Garcon Point Bridge tolls after FDOT failed to follow his order to do so in December.February 27
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The Illinois attorney general's office is also believed to be looking into the foundation, which issued $170 million of tax-exempt bonds that have defaulted.February 26
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Moody's calls the missed payments an administrative default given the district's willingness and ability to pay.February 25
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Bankruptcy hearings are underway for Lindan Properties, one of five troubled bond-financed Better Housing Foundation affordable housing portfolios in the area.February 24
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The state conduit that issued $170 million of defaulted Better Housing Foundation bonds is weighing in as S&P prepares housing bond criteria changes.February 10
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A proposed asset sale would resolve — with a loss for bond investors — one of five Better Housing Foundation-owned portfolios in default in the Chicago area.February 5
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The impoverished Chicago suburb is working on a settlement to provide bondholders with some revenue while allowing the city to operate.January 28
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The Better Housing Foundation's Chicagoland suburban bond portfolios are now experiencing bond covenant and payment defaults.January 14
