Affordable housing bonds

Provisions in the One Big Beautiful Bill Act designed to jump start affordable housing development are starting to trickle out into the market in the form of tax-exempt and taxable bond combos.

More than $2 billion of affordable housing and healthcare bonds were approved by the North Carolina Local Government Commission.

The revised bill removes provisions creating state-backed credit enhancement for affordable housing bonds, calling instead for a study of housing finance tools.

Wisconsin's WHEFA will issue $75.985 million of tax-exempt bonds for a developer to convert two Milwaukee apartment buildings to affordable housing.

Lobbyists and lawyers are both watching three pieces of legislation that would expand the use of private activity bonds in housing, transportation infrastructure, and student loans.

A new bill would increase the capacity of state and local housing finance agencies to issue tax-free municipal housing bonds by exempting them from the PAB cap.

A new law in Virginia goes into effect as attorneys provide counsel about economic development authorities serving as conduit bond issuers for affordable housing communities.

The effects of the 21st Century ROAD to Housing Act are already being sized up as the impetus for maximizing their intentions may fall on local public finance and regulatory policies.

Mayors and city leaders face an uncertain future from dwindling federal infrastructure funding, but a major housing bill offers hope.

Uncertainty about the fate of the bipartisan housing bill, advance refunding, and a new take on Build America Bonds is raising hopes and concerns among issuers.

The President is pumping the brakes on signing the first major housing bill in 30 years including a provision that lifts the public welfare cap, a move that could spur bond sales.

California lawmakers and the governor said they agreed on an $11.3 billion housing bond measure in November, aiming to lift affordable housing and homeownership.

"We do good work," said Mike LaPierre, president of GPM Municipal Advisors, which acts as advisor and staff to the Public Finance Authority and the California Community Housing Agency.

Moody's said the $350 million of Series 2007 Class I bonds are on review for further downgrade.

The HOME deal is being priced through the Philadelphia Redevelopment Authority, but carries ratings on par with the city's issuer ratings.

The rating agency cited weak demand for the facilities.

By an overwhelming bipartisan majority, the House advanced affordable housing legislation that includes a proposal that's expected to spur mortgage revenue bond issuance.

Kutak Rock warns tax attorneys about the Internal Revenue Service doing compliance checks as opposed to formal audits on certain multifamily bond issues as tax season is expected to add more stress to an understaffed agency.

The measure would fund 40,000-plus homes to address the state's persistent supply gap, supporters say. Time is tight to qualify it for the June election.

Los Angeles plans to price $86 million in bonds off its Proposition HHH bond measure, closing out the $1.2 billion GO authorization from 2016.