Housing

The bill, which was introduced Tuesday, is cosponsored by Sens. Catherine Cortez Masto, D-Nev. and Bill Cassidy, R-La.

The Biden Administration has partnered with five cities and the State of California in efforts to reduce homelessness.

Despite legislation and political rhetoric, demand for environmental, social, and governance focused debt remains strong.

The House Appropriations Committee heard from tribal leaders about housing and transportation needs.

A bill to prevent developers from buying bonds issued by their metropolitan districts died, but another measure limiting interest rates in such cases was enacted.

A demand survey conducted by CDLAC in November foreshadowed $11 billion in requests from applicants for the state's private activity bonds.

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

The Build Back Better Act contains provisions that could help states finance additional affordable homes.

By lowering the amount of private activity bonds needed to finance low-income housing, the provision would free up PABs volume for other projects.

Mayors are urging Congress to preserve major housing support in the reconciliation bill.

$2.75 billion is available to build permanent housing for unhoused people, California Gov. Gavin Newsom said at a press conference.

It is most certainly an issuers' market as rates are low, credit spreads continue to tighten, money pours into municipal bond mutual funds at record levels and a net negative supply of more than $11 billion.

A 'perpetual calm' continues to fall over the municipal market as inflows into municipal funds, combined with the shortage of traditional tax-exempt supply, is directing most aspects of daily market activity.

Refinitiv Lipper reports another multi-billion week of inflows, the domino effect from such strong flows is that secondary selling doesn’t need to be so active, creating fewer opportunities for new inquiry, analysts say.

The Federal Reserve Bank of Philadelphia's manufacturing index fell to a seventh- month low, while jobless claims hit a three-month high.

The rising number of COVID-19 cases and the restrictions imposed to stop its spread, led to a pullback in consumer spending and has a regional service sector reeling.

California overcame a legal challenge to use bond authority to provide housing for homeless people suffering from mental illness.

The consumer confidence index suggested expectations have slipped, and the Richmond Fed's services survey also offered a dim view ahead.

Gross domestic product surged in the third quarter's first read, but analysts suggest the rising number of coronavirus cases bodes ill for fourth quarter growth.

Consumers cut back on purchasing plans, suggesting they see a tough fourth quarter, economists said.