Affordable housing bonds

City officials believe the structure of the $100 million issuance will help assuage investors concerned with inflation, high interest rates, and the specter of recession.

Public sector employers are in a fierce competition with the private sector for workers and may be losing amid labor shortages and inflation.

Passing the Affordable Housing Credit Improvement Act could boost housing bond issuance.

Benjamin was mayor of Columbia from 2010 to 2021, leading the city through a time of tremendous growth.

Inflation continues to wreak havoc on new construction rental projects that are still in the pipeline.

Gov. Jay Inslee wants a $4 billion bond referendum for housing that would be outside the state's debt limit. State lawmakers must approve first.

Agency says it's the highest general obligation bond rating it has received in 47 years.

In the letter addressed to House congressional leaders, members urged leadership to expand the affordable housing credit and lower the PAB requirement.

Rising property values will help keep the $3.56 billion of new bonds manageable, particularly if issuance is spread over multiple years, rating analysts said.

Putting a county government into the real estate development business goes beyond making the numbers work.