Housing

Counties and states are moving ahead with replicable, bond-financed affordable housing funding models as new regulations designed to jump start community development are still working their way through the pipeline.

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

Student housing bonds trade wide for a reason: declining college-age populations, private competition and non-recourse structures make demand, disclosure, university commitment and stress-testing the signals investors need to validate, writes Market Intelligence analyst Jeff Lipton.

Market Intelligence analyst Jeff Lipton distinguishes impairment from default in unenhanced conduit multifamily credits and explains how occupancy declines, covenant breaches and reserve draws can trigger severe price discovery long before a payment miss occurs.

After Gov. JB Pritzker released his BUILD plan to lower housing costs, the Illinois Municipal League unveiled its proposal: the REAL Housing Act.

Market Intelligence analyst Jeff Lipton argues MRBs can add value to conservative muni sleeves, but warns that extraordinary redemption features, prepayment behavior, loan origination performance and liquidity constraints can make redemption analysis just as important as credit analysis.

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

The MTA's goal to monetize its vast property portfolio could bring 300 homes to Crown Heights. 

The agency cited strong student demand as a factor of its uprade to the FIU's issuer default rating.

The deal will come to market despite the troubles of some other student housing bonds in Florida.

Greg Goldberg jumped over from RBC Capital Markets to help Raymond James expand its public finance housing practice.

R. Wade Norris has joined the Washington, D.C., office of Dinsmore & Shoal as a partner to shore up operations in the firm's work in multifamily finance and public private partnerships.

Housing advocates are resuming a fracas with the federal government over Build America, Buy America requirements they claim are slowing down efforts to build more affordable housing, which relies on private activity bonds.

RBC Capital Markets will be the underwriter for the bonds, which will have a maximum maturity of 40 years.

California Sen. Dave Cortese proposed the bill as the state grapples with a shortage of affordable housing.

Provisions of the One Big Beautiful Bill Act are beginning to take effect as the FHFA has doubled the cap on Low Income Housing Tax Credits, which should boost the issuance of private activity bonds.

Mayors and city leaders are using a combination of bond financing and public private partnerships to build and preserve affordable housing while working with a patchwork of regulations and facing opposition.

The Senate Banking Committee has advanced the first bipartisan housing legislation in more than a decade with loosened restrictions on housing credits and housing bonds.

California Gov. Gavin Newsom released an enforcement model in conjunction with $3.3 billion in grant funding from a bond measure.

The state hopes bonds and associated incentives will help to address a state-wide housing shortage.