Bond defaults

Moody's calls the missed payments an administrative default given the district's willingness and ability to pay.

Bankruptcy hearings are underway for Lindan Properties, one of five troubled bond-financed Better Housing Foundation affordable housing portfolios in the area.

The state conduit that issued $170 million of defaulted Better Housing Foundation bonds is weighing in as S&P prepares housing bond criteria changes.

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.

The impoverished Chicago suburb is working on a settlement to provide bondholders with some revenue while allowing the city to operate.

The Better Housing Foundation's Chicagoland suburban bond portfolios are now experiencing bond covenant and payment defaults.

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.

The Clearwater Cay Community Development District dismissed its Chapter 9 case and will pursue a dispute about property assessments in state court.

The Florida Department of Transportation was ordered to raise toll rates on the Garcon Point Bridge for the first time in eight years.

The Illinois city faces garnishment of state funds to make up for pension shortfalls, threatening its ability to deliver core services, Moody's said.

Market demand for the high yields offered by riskier paper is pulling such credits into the market, Municipal Market Analytics says.

Other debts are piling up that could make it harder to craft a solution favorable to holders of the affordable housing bonds, the trustee said.

The shuttered College of New Rochelle filed for Chapter 11 bankruptcy last week while it markets the Westchester County campus in an effort to pay off creditors.

Counting on transaction participants to file the UCC is like expecting the fox to guard the chicken coop.

After less than a year, the groundbreaking renewable-energy bond sale has run into problems, including several technical defaults.

The law firm representing the trustee for a $250 million student housing complex accused the University of Oklahoma of predatory behavior.

A commercial modular construction firm is interested in buying a bond-financed facility in a deal that would pay off the debt.

The two suburban affordable housing portfolios are owned by the Ohio-based Better Housing Foundation.

The goal of the 2018 Chapter 11 restructuring was to establish a capital structure supported by project revenues.

The impact of defaults by non-GO bonds was negligible to nonexistent on the ratings of GO bonds issued by the same local governments.