Affordable housing bonds

Public facilities and electric power were the sectors with the biggest declines.

Fitch Ratings upgraded California general obligation bonds to AA from AA-minus, the state's first upgrade in three years.

The university scaled back its parking and commercial leases at the public-private student housing project, which is dipping into its debt service reserve.

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

RBC Capital Markets added Ian Parker as it positions itself to help issuers bring to market billions of dollars in authorized affordable housing debt.

Better Housing Foundation defaulted on $84 million of bonds and lacks funds to maintain the properties.

Lawmakers are plowing through a pile of trailer bills, including two tax increases, that must pass to avoid blowing a hole in their $214.8 billion budget.

The troubles of the Better Housing Foundation bonds had been flagged in earlier rating downgrades and disclosure statements.

The New York City Housing Development Corp. intends to issue up to $1.1 billion of multi-family housing revenue bonds and provide roughly $27 million of additional financing.

Robert “Bob” Larson, who died on April 27 after a yearlong battle with cancer, is remembered as a dedicated public servant who continued to work until his passing.