Affordable housing bonds

The debt service reserves for the Better Housing Foundation deals were drained to make the last bond payment.

Municipal bond buyers will be seeing more than $5 billion of supply headed into the market.

The clarification allows dozens of otherwise stalled housing projects around the nation to move ahead with financing that includes a combination of tax exempt multifamily PABs and the 4% federal housing tax credit.

The Stockton City Council voted to issue multifamily housing revenue bonds.

If the IRS fails to provide a regulatory fix, two members of Congress may address the issue legislatively in bicameral affordable housing legislation that had wide bipartisan support in the last Congress.

Though Rep. Peter DeFazio, D-Ore. sees public-private partnerships as a viable option, he said it won’t work everywhere.

Janet Mills authorized voter-approved senior housing bonds that were held up for three years by predecessor Paul LePage.

California's Governor and San Diego's mayor launch separate efforts to combat housing crisis

Affordable housing got a boost this week when the City Council approved tax-exempt financing for a commercial real estate firm's purchase and renovation of a large apartment complex on the city's western edge.

The Sacramento Housing and Redevelopment Agency plans to issue up to $25 million in tax-exempt mortgage revenue bonds to finance the renovation of 74 low-income housing units in south Sacramento. The financing does not include the addition of any new affordable housing units.