Affordable housing bonds

The New York City Housing Development Corp. plans to issue $375 million of housing impact bonds, a new category of sustainable development bonds.

The San Diego City Council approved a resolution asking staff to craft language for a $900 million affordable housing bond.

Rhode Island's governor is asking lawmakers to forward $269 million worth of initiatives to voters.

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

Bob Labes, a partner at Squire Patton Boggs, explores the growth of multifamily housing bonds, private activity bond caps, the RAD program and other dynamics. Paul Burton hosts.

The state should allocate $4 billion, the majority of its 2020 private activity bond allocation, to affordable housing, said the California Housing Consortium.

The deal, issued through the California Housing Finance Agency, is the first multifamily tax-exempt deal to qualify for the GSE's Green Rewards program.

The agency's repair backlog is measured in the tens of billions of dollars.

Next week's $500 million taxable revenue bond deal is backed by a 1% surcharge on annual incomes higher than $1 million.

Richard "Ad" Eichner was known as a pioneer for his work in multifamily housing and tax-exempt charter school bonds.