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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
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The bond trustee says its appeal of a ruling that Platte County is under no legal obligation to repay $32 million of Zona Rosa bonds will be heard.
December 30
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The Clearwater Cay Community Development District dismissed its Chapter 9 case and will pursue a dispute about property assessments in state court.
December 18
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The Florida Department of Transportation was ordered to raise toll rates on the Garcon Point Bridge for the first time in eight years.
December 6
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The Illinois city faces garnishment of state funds to make up for pension shortfalls, threatening its ability to deliver core services, Moody's said.
November 1
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Market demand for the high yields offered by riskier paper is pulling such credits into the market, Municipal Market Analytics says.
October 10
